Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
Senate

Senate

Ratings: (0)|Views: 3 |Likes:
Published by Kenric Ward
Transportation Plan
Transportation Plan

More info:

Published by: Kenric Ward on Feb 13, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

10/08/2013

pdf

text

original

 
Approximately$900millionannuallyiffullyimplemented
Addressesstateandlocaltransportationandtransitcrisis
StatewideComponent:
Increasesthemotorfuelexcisetaxof17.5centspergallon(gasanddiesel)by$0.05-to22.5centspergallon--andindexesthetaxratetotheProducerPriceIndexfornonresidentialconstruction.Imposesastatewide1percentsalestaxonwholesalemotorfuels(gasanddiesel).oProceedstobedepositedtojurisdictionalaccountsmaintainedbyVDOTandusedforlocalorregionalconstructionprojects.DedicatesstatesalesandusetaxrevenuesfrompassageofMarketplaceEquityAct,totransportation}withexceptionof1Xpercentthatisdedicatedtopubliceducation.oIfMarketplaceEquityActisnotenactedbyJuly1,2014,thestatewidemotorfuelsalestaxratewillbeincreasedby1%.Increasesby.05percent(from.50to.55percent)thecurrentsalesandusetaxproceedsdedicatedtotransportation.oProceedsdedicatedtostatewideRailandTransitprograms.Increasesmotorvehicleregistrationandweightbasedfeesbyapproximately$15.oProceedsarededicatedtostatewideRailandTransitprograms.ProhibitstollingonexistingInterstate}exceptexistingHOTandHOVlanes,withoutlegislativeapproval.
RegionalComponent:
Authorizesastatewidelocaloptionsalestaxofupto1.0percentdedicatedtolocal transportationpriorities.oRequiresapprovalbylocalgoverningbody.oRegionalfundingcanbeusedforlocalroad}railortransitprojects.oLocalmoneycanbeusedfortollabatement.RequirehalfofthelocaloptiontaxfromMarketplaceEquitytobeusedfortransportation.

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->