On January 1, 2015, the Commonwealth of Virginia’s gasoline tax will climb 5.1 cents/gallon. The state tax goes from 11.1 cents/gallon to 16.2 cents/gallon.
The new rate will be in effect until June 30, 2015.
Please be reminded that the law makes no provision for product held in inventory on December 31. Please ensure that the tax is collected at the 11.1 cents/gallon up until 23:59 on December 31 and at the 16.2 cents/gallon rate for sales after midnight on January 1, 2015.