Virginia increased sales tax rate to help pay for roads

increased sales tax rate

increased sales tax rate

Virginia increased sales tax rate to help pay for roads

Virginia increased its sales tax from 5% up to 5.3% to fund new road construction.

Virginia increased sales tax rate from 5% up to 5.3% to fund new road construction. Virginia’s new transportation bill has increased sales taxes across the state to help pay for new roads to relieve traffic congestion. This bill increases taxes by more in Northern Virginia than in Southern Virginia because traffic problems are worse in the north.

The state tax rate increased from 5% up to 5.3%. The bill increased the tax rate in Northern Virginia by an extra 0.7% so the tax rate in Northern Virginia is now 6%. However, the tax rate for food sales will stay the same as the bill made an exception for these sales.

This bill also reduced gas taxes which should cause gas prices to drop by about 6 cents a gallon this summer.

Read more at INSIDENOVA

 

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