                                 CODE OF VIRGINIA

DISPOSITION OF REVENUES (§ 58.1-1741)

A. After the direct costs of administering this article are recovered by the
Department of Taxation, the remaining revenues collected hereunder by the Tax
Commissioner shall be forthwith paid into the state treasury. Except as
otherwise provided in this section, these funds shall constitute special funds
within the Commonwealth Transportation Fund. Any balances remaining in these
funds at the end of the year shall be available for use in subsequent years for
the purposes set forth in this article, and any interest income on such funds
shall accrue to these funds. The revenue so derived, after refunds have been
deducted, is hereby allocated for the construction, reconstruction, and
maintenance of highways and the regulation of traffic thereon and for no other
purpose.

B. However, (i) all funds collected from the additional tax imposed by
subdivision A 2 of &#xA7; 58.1-1736 on the rental of daily rental vehicles and,
beginning July 1, 2020, and ending July 1, 2021, an amount equal to a two and
one-half percent tax on peer-to-peer vehicle sharing pursuant to subsection D of
&#xA7; 58.1-1736 and, beginning July 1, 2021, and thereafter, an amount equal to
a three percent tax on peer-to-peer vehicle sharing pursuant to subsection D of
&#xA7; 58.1-1736 shall be distributed quarterly to the county, city, or town
wherein such vehicle was delivered to the rentee or the shared vehicle driver;
(ii) except as provided in clause (iii), an amount equivalent to the net
additional revenues from the motor vehicle rental tax generated by enactments of
the 1986 Special Session of the Virginia General Assembly which amended
&#xA7;&#xA7; 46.2-694, 46.2-697, and by &#xA7;&#xA7; 58.1-1735, 58.1-1736 and
this section, shall be distributed to and paid into the Commonwealth
Transportation Fund established pursuant to &#xA7; 33.2-1524, and are hereby
appropriated to the Commonwealth Transportation Board for transportation needs;
(iii) all moneys collected from the tax on the gross proceeds from the rental in
Virginia of any motor vehicle pursuant to subdivision A 1 of &#xA7; 58.1-1736 at
the tax rate in effect on December 31, 1986, and an amount equal to a four
percent tax on the gross proceeds on peer-to-peer vehicle sharing pursuant to
subsection D of &#xA7; 58.1-1736 shall be paid by the Tax Commissioner into the
state treasury and two-thirds of which shall be paid into the Commonwealth
Transportation Fund established pursuant to &#xA7; 33.2-1524 and one-third of
which shall be deposited into the Washington Metropolitan Area Transit Authority
Capital Fund pursuant to &#xA7; 33.2-3401; and (iv) all additional revenues
resulting from the fee imposed under subdivision A 3 of &#xA7; 58.1-1736 shall
be used to pay the debt service on the bonds issued by the Virginia Public
Building Authority for the Statewide Agencies Radio System (STARS) for the
Department of State Police pursuant to the authority granted by the 2004 Session
of the General Assembly.

HISTORY: 2011, cc. 405, 639; 2015, c. 684; 2018, cc. 854, 856; 2020, cc. 1230,
1266, 1275.