Highlights of proposed Va. transportation bill

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RICHMOND, Va. (AP) — Key provisions of a five-year, $3.5 billion statewide transportation funding package proposed Wednesday by a panel of Senate and House of Delegates negotiators:

— Eliminate the current gas tax of 17½ cents per gallon.

— Add wholesale-level taxes of 3½ percent for gasoline, 6 percent for diesel fuel.

— Increase the state sales tax from 5 percent to 5.3 percent.

— Increase the share of existing sales tax dedicated for transportation from 0.50 percent to 0.675 percent, phased in over four years.

— Impose a $100 registration fee on alternative-fuel vehicles.

— Increase the titling tax on new vehicle purchases from 3 percent to 4.3 percent.

— Allow regional initiatives to raise up to $350 million in northern Virginia and up to $200 million in Hampton Roads for transportation.

— Designates revenue from expected congressional approval of Internet sales tax legislation to transportation, although 1.25 percent would go to public education.

End Glance

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