VA HB854 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 9 2024 - 25% progression, died in committee
Action: 2024-02-13 - Left in Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Rate of tax on gasoline and diesel fuel. Lowers the rate of tax on gasoline and diesel fuel on July 1, 2024, from 26.2 cents per gallon to 21.2 cents per gallon on gasoline and from 27 cents per gallon to 20.2 cents per gallon on diesel fuel, which are the rates that were in effect before July 1, 2021. The bill provides that the rate of tax on gasoline and diesel fuel will return to 26.2 and 27 cents per gallon, respectively, on July 1, 2025, and will be indexed based on the change in the United States Average Consumer Price Index occurring between 2021 and 2024; thereafter, the rate will be indexed annually.

Tracking Information

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Title

Gasoline and diesel fuel; lowers rate of tax.

Sponsors


History

DateChamberAction
2024-02-13HouseLeft in Finance
2024-02-02HouseAssigned Finance sub: Subcommittee #2
2024-01-09HouseReferred to Committee on Finance
2024-01-09HousePrefiled and ordered printed; offered 01/10/24 24102120D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
5812217(n/a)See Bill Text

Virginia State Sources


Bill Comments

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