Tags: virginia | mcdonnell | gas | tax

Gov. McDonnell Proposal Would Eliminate Gas Tax for VA

Wednesday, 09 Jan 2013 03:14 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Virginia could be the first state to eliminate its gasoline tax. At the same time, Gov. Bob McDonnell's proposal would increase the sales tax to fund more road repairs.

McDonnell wants to raise $3.1 billion by ditching Virginia’s 17-cents-per-gallon gas tax and increasing the sales tax from 5 percent to 5.8 percent, reported The Virginian-Pilot.

Tax on diesel fuel would remain.

In recent years, Virginia has used road-construction money for road repair as state maintenance funds ran an increasing deficit.

As cars become more fuel efficient, and revenues from the gas tax continue to fall, repair needs are expected to overwhelm the construction budget by 2017.

“The time is now for action,” McDonnell said on Tuesday. "Virginia's current revenues simply do not add up to a safe, efficient, and sustainable transportation infrastructure network. Instead of building roads, we're doing paving and potholes.”

Diesel taxes would remain, he said, because large trucks contribute much more to the destruction of state roads than cars do. The sales-tax increase would not apply to food, prescription drugs, or other specific categories of items.

In addition to tax changes, McDonnell wants increased vehicle-registration fees; a new fee for hybrid vehicles, that already use less gas; and a greater percentage of sales-tax revenue directed toward roads.



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Krauthammer: GOP Must Push Its Agenda After Taking Senate

Tuesday, 21 Oct 2014 22:07 PM

Republicans have 3-1 odds of taking over the Senate, and they need to use that power to push their agenda, conservative  . . .

Wyoming Gay Couples Get Marriage Licenses

Tuesday, 21 Oct 2014 22:03 PM

Wyoming has become the latest state to allow same-sex unions, bringing the wave of legalizations to a place where the 19 . . .

Alveda King: Obama Proves Skin-Color Voting Doesn't Help Blacks

Tuesday, 21 Oct 2014 21:13 PM

Alveda King, niece of the Rev. Martin Luther King Jr., is at sharp odds with the Rev. Al Sharpton about which political  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved