Bill > S1515

This bill proposes to shift revenue collection from general sales tax to a tax on transportation fuels. Specifically, it amends Chapter 64A of the General Laws, which deals with the excise tax on fuel. The bill redefines "tax per gallon" to be a percentage of the average fuel price, starting at 7.5% and gradually increasing to 13.5% by January 1, 2018, with a minimum tax of 23 cents per gallon. However, it also includes a provision to lower this percentage rate by 0.25% in each of the years 2016, 2017, and 2018, creating a complex adjustment mechanism for the fuel tax. The overall intent is to increase the tax burden on fuel consumption and potentially reduce reliance on sales tax for transportation funding.