I-66 Multimodal Study Final Report - Virginia Department of ...

Potential Funding ApproachesTable 5.5National Experience with Revenue Options for I-66 MultimodalStudy RecommendationsRevenue aUser Fees (Statewide)Motor Fuel Tax – IncreaseExcise RateYieldPredictability/ReliabilityStabilitySynergyGrowth-DemandFlexibilityMedium Medium/Low Medium Medium MediumMotor Fuel Tax – Indexing High Medium Medium Medium MediumMotor Fuel Tax – Sales Tax High Medium Medium Medium MediumSales Tax on Motor Vehicles High Medium Medium Medium MediumMotor Vehicle Registration Fee Medium Medium High Medium LowTolling and Pricing Low Medium Medium High MediumVehicle Rental Taxes Low Medium Medium Medium MediumGeneral TaxesState Sales and Use Taxes High High Medium Low HighGeneral Fund Allocations Low Low Low Low HighSpecialized Taxes (e.g., Local Option) and Other FeesLocal Option Motor Fuel Taxes Low Medium/Low Medium Medium MediumVehicle Taxes and Fees Low Medium High Medium LowDeed Recordation Tax Low Low Medium Low MediumLocal Sales Tax High High Medium Low HighHotel Taxes Low/Medium Medium Medium Low MediumSin Taxes Low Low Low Low HighPayroll and Income Taxes Medium High Medium Low HighParking Fees Low Medium Medium Medium MediumValue Capture Low Medium Medium Medium Mediuma See Appendix E for definition of potential revenue options.5-10 I-66 Multimodal Study