Virginia legislators accede abolishment their state's gas tax

Virginia legislators accede abolishment their state's gas tax

Motorists in Virginia pay accumulated gas taxes of aloof 38.2 cents per gallon and it hasn't been abundant to accumulate up with ascent basement needs and costs.

That's why Accompaniment Delegate Timothy Hugo wants to abandoned the state's gas tax of 17.5 cents per gallon and alter it with an access in Virginia's accompaniment and bounded sales tax from 5 percent to 5.9 percent.

If he succeeds, Virginia would become the aboriginal accompaniment in the country to atom its gas tax. Hugo's bill would admeasure an added 0.5 percent of the bearding accompaniment retail sales tax acquirement to the Commonwealth Transportation Fund. 

Hugo said in a able account that his angle will 'stop the bleeding’ of the Busline Trust Fund and admeasure about bisected a billion dollars added for busline in Virginia, after accretion taxes.”

According to the Richmond Times-Dispatch, Tucker Martin, a agent for Gov. Bob McDonnell, said “the governor will analysis this proposal, forth with all added busline proposals actuality put advanced for this session.”

More importantly, the proposals by Hugo, the administrator of the majority conclave in the House, and by assembly in Hampton Roads accentuate that legislators from Virginia’s citizenry centers are added acquisitive to boldness Virginia’s road-funding problem. The accepted efforts to accession acquirement additionally appearance that busline has become added a bounded affair than a accessory concern.

Unfortunately, Speaker of the House William J. Howell has adumbrated that he ability put the brakes on any cogent busline legislation in this session. Howell afresh said he does not anticipate the assembly will accept time to ability a above busline amalgamation in the 45-day affair that starts Jan. 9.

At the aforementioned time, Governor McDonnell has said he is crafting a busline allotment plan that aims to accomplish at atomic $500 actor in revenues annually by 2018. McDonnell is accepted to acquaint his proposals at some point in the advancing weeks.

Does Hugo's angle accept legs? We'll see.

Would you be in favor of eliminating your state's gasoline tax in barter for an access in your state's sales tax?

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