RICHMOND - Legislators in Virginia have reached a deal to convert the state€™s 17.5 cents per gallon motor fuels tax to a wholesale tax on gas, reports The Virginian-Pilot.

A full vote is expected later this week and would then head to Gov. Bob McDonnell for his signature. The Washington Examiner says that the governor€™s "legacy" transportation plan "would pay for much-needed repairs to crumbling roads and fund new transportation projects for one of the most congested highway networks in the country."

The news source adds that compromise plan would raise $870 million a year by eliminating the 17.5 cents-per-gallon gas tax and replacing it with a 3.5% tax on wholesale gasoline €" 6% for wholesale diesel. It would also increase the states sales tax from 5% to 5.3%, as well as tack on a $100 annual fee for owners of alternative fuel vehicles. Also, the title tax on cars and the title tax on cars will increase from 3% to 4%.