VA HB983 | 2012 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 11 2012 - 25% progression, died in committee
Action: 2012-02-14 - House: Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Motor fuels tax rate. Converts the rate of taxation on motor fuels from cents per gallon to a percentage rate. The bill provides that the Commissioner of the Department of Motor Vehicles shall calculate the percentage rate in an amount that will most closely yield the amount of cents per gallon being charged on the applicable motor fuel prior to the effective date of the bill. Thereafter, the percentage rates would not change, but would be applied against the average price per gallon of the fuel, less federal and state taxes, as determined by the Commissioner of the Department of Motor Vehicles over rolling six-month periods, to determine the cents to be charged.

Tracking Information

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Title

Motor fuels tax rate; converts rate from cents per gallon to a percentage rate.

Sponsors


History

DateChamberAction
2012-02-14 House: Left in Finance
2012-02-01 House: Subcommittee recommends laying on the table by voice vote
2012-01-20 House: Assigned Finance sub: #2
2012-01-11 House: Referred to Committee on Finance
2012-01-11 House: Prefiled and ordered printed; offered 01/11/12 12100624D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
5812217(n/a)See Bill Text
5812249(n/a)See Bill Text
5812289(n/a)See Bill Text
5812701(n/a)See Bill Text
5812706(n/a)See Bill Text

Virginia State Sources


Bill Comments

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