Virginia Announces No Change to Fuel Tax Rates for 2014
VIRGINIA ANNOUNCES NO CHANGE TO FUEL TAX RATES FOR 2014/2015
Virginia has announced that there will be no changes to its fuel tax rates for the 2014/2015 year that takes effect on July 1st.
Under the applicable statute, the Commissioner is required to determine the statewide average wholesale price of a gallon of unleaded regular gasoline and diesel fuel for the purpose of determining the applicable cents per gallon in accordance with a tax rate of 3.5% on gasoline and 6% on diesel. The applicable tax rates will remain at $0.111 per gallon on gasoline, $0.202 per gallon on diesel and $0.05 per gallon on jet fuel for the first 100,000 gallons and $0.005 per gallon thereafter.