Bill > S1504

This bill proposes changes to Massachusetts General Laws Chapter 64A, which deals with the taxation of motor fuels. Specifically, it amends Section 1 of this chapter to introduce an adjustment mechanism for the fuel tax based on the Consumer Price Index (CPI) for the preceding year, aiming to keep the tax rate in line with inflation. The CPI, in this context, refers to the index for the northeast region for all urban consumers as published by the U.S. Department of Labor's Bureau of Labor Statistics. The bill also sets a minimum tax rate of 24 cents per gallon. Furthermore, it delays the implementation of these CPI adjustments from the initial proposed year of 2015 to 2016, with Section 3 stipulating that this change will take effect on January 1, 2016.