SECTION 1. Section 1 of chapter 64A of the General Laws, as amended by chapter 46 of the acts of 2013, is hereby amended by inserting after the word “gallon”, the second time it appears in line 98, the following words:-
, provided that this tax shall be adjusted for the 2015 calendar year, by the percentage, if any, by which the Consumer Price Index for the preceding year exceeds the Consumer Price Index for the calendar year that ends before such preceding year; provided, that the Consumer Price Index for any calendar year shall mean the Consumer Price Index for the northeast region for all urban consumers, as published by the Bureau of Labor Statistics of the United States Department of Labor; and provided further, that the tax shall not be less than 24 cents per gallon.
SECTION 2. Said section 1 of said chapter 64A, is hereby further amended, by striking out the figure “2015”, inserted by section 1, and inserting in place thereof the following figure:-
“2016”
SECTION 3. Section 2 shall take effect on January 1, 2016
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