Virginia Senate Bill 1242 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2011 - 25% progression, died in committee
Action: 2011-02-08 - Senate: Left in Finance
Pending: Senate Finance and Appropriations Committee
Text: Latest bill text (Introduced) [HTML]

Revenues of the Commonwealth; transportation funding. Creates additional sources of revenue for transportation by increasing the motor vehicle sales and use tax by one-half percent and the motor vehicle rental tax by one percent and by imposing a five percent tax on the wholesale price of gasoline. The new revenue sources will be directed to the Rail Enhancement Fund, the Transportation Trust Fund, and the Highway Maintenance and Operating Fund for transportation projects and needs of the Commonwealth and to certain priority transportation projects, as designated by the Commonwealth Transportation Board, in Northern Virginia and Hampton Roads. The bill would also eliminate the one-half percent sales tax on food currently going to the Transportation Trust Fund and would raise the allowed credit for low-income taxpayers.

Transportation; creates additional revenue by increasing motor vehicle sales & use and rental taxes.

Sen. John Edwards [D]

Date	Chamber	Action
2011-02-08		Senate: Left in Finance
2011-01-12		Senate: Referred to Committee on Finance
2011-01-12		Senate: Prefiled and ordered printed; offered 01/12/11 11101285D

Chapter	Article	Section	Citation Type	Statute Text
33	1	23.03:1	(n/a)	See Bill Text
33	1	23.1:01	(n/a)	See Bill Text
58	1	2288.1	(n/a)	See Bill Text
58	1	2289	(n/a)	See Bill Text
58	1	2402	(n/a)	See Bill Text
58	1	2425	(n/a)	See Bill Text
58	1	339.8	(n/a)	See Bill Text
58	1	611.1	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+SB1242
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+SB1242+hil