Rappahannock Area Transportation Authority created; funding; recordation tax; sales and use tax; report. Creates the Rappahannock Area Transportation Authority, initially comprising the counties with a population in excess of 150,000 and cities located in Planning District 16. The bill authorizes any locality in Planning District 16 to join the Authority by resolution or ordinance of such governing body. The Authority will administer transportation funding generated through the imposition of (i) an additional regional 0.5 percent sales and use tax, (ii) an additional transportation improvement grantor's fee at a rate of $0.06 per $100 of the consideration for the conveyance, and (iii) a local transportation transient occupancy tax at a rate of one percent of the amount of the charge for the occupancy of any room or space occupied in any county or city in Planning District 16. The bill also increases the annual distribution of recordation tax revenues to cities and counties from $20 million to $55 million and dedicates $15 million of such annual distribution to the Rappahannock Area Transportation Fund, created by the bill.
Memorializing Congress; National Infrastructure Bank. Urges the Congress of the United States to create a National Infrastructure Bank to finance urgently needed infrastructure projects.
Transportation funding; project prioritization; sidewalks. Authorizes the consideration of the use of sidewalks and new sidewalk projects for certain project prioritization processes that apply statewide and to the Northern Virginia Transportation Authority, for purposes of transportation funding, and expands the permissible use of certain revenues by the Northern Virginia Transportation Authority for capital improvements that reduce congestion to new sidewalk projects.
Central Virginia Transportation Fund; distribution of funds; Bay Transit. Distributes two percent of certain funds from the Central Virginia Transportation Fund to Bay Transit of New Kent and Charles City (Bay Transit) and reduces from 15 to 13 percent the amount of such funds distributed to the Greater Richmond Transit Company. The bill prohibits the distribution of funds to Bay Transit unless the Central Virginia Transportation Authority first enters into an agreement with Bay Transit for the distribution of such funds. The bill also provides that, for any year in which no such agreement exists, such funds be distributed to the Greater Richmond Transit Company.
Hampton Roads Interstate Highway Corridor Improvement Program and Fund; Hampton Roads Highway Coastal Resilience Program and Fund; Planning District 23. Creates (i) the Hampton Roads Interstate Highway Corridor Improvement Program and Fund for the purpose of planning, developing, financing, building, constructing, and otherwise making infrastructure and safety improvements to and maintaining the infrastructure of certain new or existing highway corridors, highways, bridges, and tunnels in Planning District 23 (Hampton Roads) and (ii) the Hampton Roads Highway Coastal Resilience Program and Fund for the purpose of planning, developing, financing, building, constructing, and maintaining infrastructure to address transportation infrastructure that is at risk due to recurrent and coastal flooding in Planning District 23.
A BILL to amend and reenact §§ 33.2-359, 33.2-371, 33.2-1526, 33.2-1526.1, 33.2-3102, 33.2-3401, 33.2-3402, 33.2-3403, 33.2-3502, 46.2-774, and 46.2-2099.48 of the Code of Virginia; to amend the Code of Virginia by adding in Article 2 of Chapter 19 of Title 33.2 a section numbered 33.2-1904.1, by adding in Article 11 of Chapter 19 of Title 33.2 a section numbered 33.2-1937, by adding in Chapter 24 of Title 33.2 a section numbered 33.2-2402, by adding in Chapter 7 of Title 46.2 a section numbered 46.2-775, by adding a section numbered 58.1-603.3, and by adding in Chapter 17 of Title 58.1 articles numbered 13, 14, and 15, consisting of sections numbered 58.1-1749, 58.1-1750, and 58.1-1751; and to repeal § 33.2-3100.1 of the Code of Virginia, relating to transportation funding.
Sales and use tax on taxable services and digital personal property; taxes levied in certain transportation districts; funding for transportation. Decreases the retail sales and use tax from 4.3 percent to four percent and expands such tax to taxable services, defined in the bill, and digital personal property, also defined in the bill, beginning on January 1, 2027. Additionally, the bill imposes (i) an additional retail sales and use tax in any county or city that is a member of the Northern Virginia Transportation Commission at the rate of 0.385 percent; any county or city that is embraced by the Northern Virginia Transportation Authority but that is not a member of the Northern Virginia Transportation Commission at the rate of 0.615 percent; and any county or city that is a member of the Potomac and Rappahannock Transportation Commission at the rate of 0.2 percent; (ii) a retail delivery fee in the amount of 20 cents upon each retail delivery, defined in the bill, made in any county or city located within the Northern Virginia Transportation District or the Potomac and Rappahannock Transportation Commission; and (iii) a regional highway use fee on all vehicles in the Commonwealth that are subject to the existing highway use fee.
Unpaved secondary highway funds; maximum annual allocation. Increases the maximum total annual allocation made by the Commonwealth Transportation Board for certain unpaved secondary highways from $25 million to $50 million.
Sales and use tax on taxable services and digital personal property; taxes levied in certain transportation districts; funding for transportation. Decreases the retail sales and use tax from 4.3 percent to four percent and expands such tax to taxable services, defined in the bill, and digital personal property, also defined in the bill, beginning on January 1, 2027. Additionally, the bill imposes (i) an additional retail sales and use tax in any county or city that is a member of the Northern Virginia Transportation Commission at the rate of 0.385 percent; any county or city that is embraced by the Northern Virginia Transportation Authority but that is not a member of the Northern Virginia Transportation Commission at the rate of 0.615 percent; and any county or city that is a member of the Potomac and Rappahannock Transportation Commission at the rate of 0.2 percent; (ii) a retail delivery fee in the amount of 20 cents upon each retail delivery, defined in the bill, made in any county or city located within the Northern Virginia Transportation District or the Potomac and Rappahannock Transportation Commission; and (iii) a regional highway use fee on all vehicles in the Commonwealth that are subject to the existing highway use fee.
Local highway system funding; revenue-sharing funds; funding cycle. Requires the application process established by the Commonwealth Transportation Board for localities to receive revenue-sharing funds to use for the improvement, construction, reconstruction, or maintenance of the highway system to be conducted on an annual basis.
