24 Feb '13, 4pm

Virginia General Assembly moving forward with replacing gasoline and diesel fuel tax with sales tax; $100 annu...

Virginia General Assembly moving forward with replacing gasoline and diesel fuel tax with sales tax; $100 annual tax for EVs, HEVs and alt-fuel vehicles 24 February 2013 The Virginia General Assembly is moving forward with legislation (HB2313 ), that, among its other elements, would abolish the state’s gasoline and diesel fuel taxes and replace them with a sales tax. Currently, both gasoline and diesel carry a $0.175/gallon fuel tax. Beginning 1 July 2013, the gasoline tax would be replaced with a 3.5% tax on the statewide average wholesale price of a gallon of self-serve unleaded regular gasoline for an applicable base period, excluding federal and state excise tax. The diesel tax would be replaced with a tax of 6% of the statewide average wholesale price of a gallon of self-serve diesel fuel for the applicable base period, excluding federal and state excise taxes. Dick S...

Full article: http://www.greencarcongress.com/2013/02/va-20130224.html

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