Bill > H3961

This bill proposes to amend existing law, specifically Chapter 60B, Section 2, Subsection (i) of the General Laws, which deals with boat excise revenue. The key provision is that a city or town's legislative body, such as a town meeting or city council, will now have the authority to decide the percentage of boat excise revenue that is allocated to its municipal waterways improvement and maintenance fund. However, this authority comes with a restriction: the legislative body cannot reduce the amount credited to this fund to less than fifty percent of the total boat excise revenue collected. This change aims to give local governments more control over how they manage and utilize funds generated from boat excise taxes, which are taxes levied on boat ownership, for the upkeep and improvement of their local waterways.