Tags: virginia | mcdonnell | gas | tax

Gov. McDonnell Proposal Would Eliminate Gas Tax for VA

Wednesday, 09 Jan 2013 03:14 PM

  Comment  |
   Contact  |
  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.

  Comment  |
   Contact  |
  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.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mississippi Towns Regroup After Deadly Storms

Wednesday, 24 Dec 2014 20:09 PM

Elizabeth Bordelon planned to go Christmas shopping until nasty weather blowing through southeastern Mississippi convinc . . .

Polanski Denied Chance to Close US Rape Case

Wednesday, 24 Dec 2014 19:10 PM

A Los Angeles judge refused Wednesday to reopen the case of filmmaker Roman Polanski, who pleaded guilty in 1977 to rapi . . .

Christmas Eve Shooting Kills 1 at Louisiana Mall

Wednesday, 24 Dec 2014 18:57 PM

A Christmas Eve shooting has left one person dead at a mall in suburban New Orleans, and police say a suspect is in cust . . .

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