Countywide Dialogue on Transportation: HB3202
HB3202 was approved by the General Assembly in April 2007 and was implemented by the Northern Virginia Transportation Authority in July 2007 with an initial project list.
- Includes: Real Estate Transfer Tax, Initial Registration Tax, Sales Tax on Vehicle Repairs, Transient Occupancy Tax (Hotel Tax), Annual Vehicle Registration Tax, Safety Inspection Fee, Motor Vehicle Rental Tax.
Potential Annual Revenue at Example Rate:
- $118.4 million (FY 2014) in Fairfax County only.
- General Assembly authorization – could be part of the Board of Supervisors’ Legislative Program this Fall/Winter 2012/2013.
- Possible, in aggregate.
Individual Components of HB3202
Real Estate Transfer Tax
- Tax applied to sale price of property and paid by the seller. A rate of $0.40 per $100 valuation would generate revenue of $38 million per a year.
Initial Vehicle Registration Fee
- A one-time registration fee on the purchase of vehicles, based on the purchase price, or vehicles registered in Fairfax County for the first time. At 1% of the assessed value, the initial registration fee could generate about $33 million in revenues.
Sales Tax on Vehicle Repairs
- Sales and Use tax on the labor associated with automotive repairs in Fairfax County. A 5% tax rate on the price of labor for vehicle repairs, could generate about $18.5 million in revenues per a year.
Transient Occupancy Tax
- Tax applied to the rental of hotel rooms in Fairfax County. A 2% tax on the rental rate would generate a revenue of $10 million per a year.
Vehicle Safety Inspection Fee
- Fee for annual state vehicle safety inspections conducted in Fairfax County. At $10 per year, the vehicle safety inspection fee could generate about $9 million in revenues per a year.
Annual Vehicle Registration Fee
- Annual fee for the registration of vehicles within Fairfax County. At a rate of $10 per year, the annual vehicle registration fee could generate about $9 million in revenues per a year.
Motor Vehicle Rental Tax
- Tax applied to the rate of rental cars in the County. A 2% tax on the motor vehicle rental rate would generate $1.3 million per a year in revenues.