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 a transportation district consisting of the City of Roanoke, defined by population brackets, and any adjacent city or county. Revenues from the tax will be returned to the transportation district and shall be applied to any transportation purpose. In the first year following imposition of the tax, localities in the district must lower the rate of the real estate or other local tax in an amount that will reduce revenues by an amount that would have been allocated by the locality for bus services. 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 Senate: Presented & ordered printed 964644655 pdf
01/22/96 Senate: Presented & ordered printed 964644655
01/22/96 Senate: Referred to Committee on Finance
01/30/96 Senate: Assigned to Finance sub-committee: Trans./Revenue Res.
02/08/96 Senate: Continued to 1997 in Finance (17-Y 0-N)