SECTION 1. Section 1 of Chapter 64A of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by striking out the definition of “tax per gallon” and inserting in place thereof the following:-
“Tax per gallon”, shall mean 7.5 per cent of the average price, as determined by the commissioner for each fuel type, for each calendar quarter, computed to the nearest tenth of a cent per gallon; this rate shall be increased to 9.0 per cent starting January 1, 2016; this rate shall be increased to 11.0 per cent starting January 1, 2017; and this rate shall be increased to 13.5 per cent starting January 1, 2018; provided, however, that such tax shall not be less than 23 cents per gallon.
SECTION 2. Section 2 of Chapter 64A of the General Laws, as so appearing, is hereby amended by inserting after the first sentence, the following sentence:-
This rate shall be lowered by 0.25 per cent starting January 1, 2016, shall be lowered by further 0.25 per cent starting January 1, 2017, and shall be lowered by further 0.25 per cent starting January 1, 2018.
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