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Monday, February 05, 2007

PG Taxers: Del. Ross and Walker sponsor sales tax increase

(Posted 5 Feb 2007)
HB393 (2 Feb 2007): Sales and Use Tax - Rates - Mass Transit Funding

Synopsis: Creating a Mass Transit Account within the Transportation Trust Fund; providing for the distribution of specified sales and use tax revenue to the Mass Transit Account; pledging specified taxes collected to pay the principal and interest on specified bonds; altering the rate of the sales and use tax [to 6%]; limiting the use of the Mass Transit Account to funding specified transit expenses; providing that specified revenues distributed to the Mass Transit Account are in addition to and may not supplant other funds for mass transit; etc.

Sponsored by:
Delegate Sheila E. Hixson, District 20
Delegate Jim Gilchrist, District 17
Delegate Nancy J. King, District 39
Delegate Justin D. Ross, District 22
Delegate Melvin Stukes, District 44
Delegate Jay Walker, District 26

1 comment:

  1. Good. This is part of what needs to be done to establish a dedicated revenue source for Metro, freeing millions of Federal dollars for the system and helping getting its repairs/improvements (and hopefully expansion with things like the Purple Line) on track.