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•Gregory noted that tljte | p: ent six cent state gasol b expected to take in mated $66.5 million while the 3 cent federal jtajjc bring total motor fuel lections in this state to mated $98.3 million.
This, he pointed outj, that gas tax revenues being collected from highway users at a raie
million every four days, jor much money within 12 days the three cent 1923 tax produce In a whole year. I
"It b true,” Gregory said,' “tha there are now 5.6 times as man; motor vehicles in use in i Vir ginia as there were in 1923|, am that many of these vehicles receiving greater use, hut uu only partially explains the fac that gas tax revenues are no
running 31 times as high.” j
The big factor, he added, is the present combined state and federal tax rate of 9 cents a gallon, which he said b equivalent to ft 39.3 percent “sales tax" on gasoline.
66.7%