HB 1364 Motor fuel sales tax in certain transportation districts.
Flora D. Crittenden | all patrons    ...    notes
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Summary:
Motor fuel sales tax in certain transportation districts. Levies a sales tax of two percent of the retail price of motor fuels sold in any city or county within the Peninsula Transportation District or the Tidewater Transportation District, and in the localities served by James City County Transit (James City County, York County, and Williamsburg). Any of these localities is authorized to increase the tax rate up to five percent. Revenues from the tax will be applied to any public transportation purpose; however, any revenues from the tax in excess of what is needed to meet public transportation needs shall be used for any transportation purpose as determined by the locality from which the tax was collected. In the first year following imposition of the tax, localities in which the tax is levied may lower the rate of the real estate or other local tax in an amount that will reduce revenues by the amount that would have been allocated by the locality for bus service. A two-percent motor fuel sales tax is currently in effect in localities within the Northern Virginia and Potomac - Rappahannock Transportation Districts.

Full text:
01/22/96  House: Presented & ordered printed 964654178  pdf

Status:
01/22/96  House: Presented & ordered printed 964654178
01/22/96  House: Referred to Committee on Finance
01/24/96  House: Assigned to Finance sub-committee: 2
02/13/96  House: Continued to 1997 in Finance w/sub. (22-Y 0-N)