Wednesday, January 9, 2013
Governor's five-year, $3.1 billion transportation overhaul aims to fund major road and infrastructure needs. Tell us: Do you think the governor's plan is a sustainable option for road maintenance and new projects?
Virginia residents could see a higher sales tax — and the state could become the first in the country to shed its gas tax — if a transportation plan unveiled by Virginia Gov. Bob McDonnell passes the state's General Assembly during its 2013 session. The five-year, $3.1 billion transportation overhaul is the governor's attempt to address some of the state's major road and infrastructure needs in coming years; $14 billion in projects are already underway across Virginia. McDonnell said the 17.5 cent tax on gasoline — which accounts for more than 30 percent of Virginia's transportation revenues — was "dated," blaming inflation and better mileage on the dollar for making it a stagnant funding source. Raising sales tax from 5 to 5.8 percent, …
Tuesday, August 7, 2012
Nonpartisan tax research group tells Virginia Watchdog that policymakers are distracting from real tax reform. Politics aside, will you shop for your students during this weekend's back-to-school sales tax holiday?
Sales tax holidays are political gimmicks that concentrate spending and impose serious costs on businesses and consumers, according to a new study from the Tax Foundation. “If the problem is that policymakers want to distract from real tax reform and get credit for being tax cutters and doing ribbon cuttings without actually achieving anything meaningful, well then it’s hard to come up with a better solution to that than sales tax holidays, because that fits perfectly,” Joseph Henchman, the report’s author and a vice president with the nonpartisan research group, told Virginia Watchdog. Joel Davison, public relations manager for the Virginia Department of Taxation, said in a statement emailed to Virginia Watchdog that the department "does …
Thursday, March 8, 2012
Amazon.com will begin collecting and paying Virginia state sales tax next year under an agreement announced by Gov. Bob McDonnell.
Thursday, March 8, 2012
• By Christine Stoddard and Daniel Lombardo - Capital News Service Bid farewell to tax-free buys from the world’s most popular online store. Amazon.com, the Seattle-based e-tailer of books and other products, next year will begin collecting and paying Virginia state sales tax under an agreement announced by Gov. Bob McDonnell. McDonnell made the announcement as the General Assembly gave final approval to Senate Bill 597, which expands on an existing state law requiring online businesses with facilities in Virginia to pay the state’s 5 percent sales tax. “This bill helps to ensure that online retailers with a physical presence in Virginia are treated the same as traditional brick-and-mortar retailers who are already required to collect and …