Virginia House Finance Committee Sends Gas Tax Holiday Bill to Appropriations Committee

House Finance Committee Republicans advanced Governor Glenn Youngkin’s gas tax holiday bill and killed Democrats’ alternate $50-per-car tax refund proposal on Tuesday. The bill includes a 100-percent motor fuels tax reduction from May 1 through July 31, a 50 percent reduction in August, and a 25 percent reduction in September. It also includes a two percent cap on future annual rate adjustments.

“As I testified to the House and the Senate early in the year, we have an exceptional amount of revenue that we did not expect a couple of years ago in the transportation plan. Over the six years it’s in the billions of dollars. And obviously, the governor has made a pledge to try to get some of the revenue back to the citizens who’ve contributed to the Commonwealth, particularly in this time of high inflation and economic trouble,” Secretary of Transportation Sheppard “Shep” Miller III told the committee.

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