Budget Amendment ID: FY2015-S4-24

OTH 24

Repeal of Infinite Gas Tax

Messrs. Tarr, Hedlund, Ross and Humason moved that the proposed new text be amended moved that the bill be amended by inserting, after section__, the following new section:-

“SECTION ___. Section 1 of chapter 64A of the General Laws, as amended by Chapter 46 of the Acts of 2013, is hereby amended by striking out, in the definition of “tax per gallon” the following words:- adjusted at the beginning of each 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 be as defined in section 1 of the Internal Revenue Code pursuant to 26 U.S.C. section 1; and provided further, that the tax shall not be less than 21.5 cents per gallon.”