3.202 -Exemption for Motor Fuels
Item | Description | FY2010 | FY2011 | FY2012 |
---|---|---|---|---|
3.202 | Exemption for Motor Fuels
Motor fuels are exempt from sales tax. They are subject to an excise at a rate higher than 6.25% of the retail price. The estimate represents revenues that would be collected under the sales tax if motor fuels were taxed at 6.25% of the retail price. The Massachusetts motor fuels tax rate is $0.21 per gallon of gasoline or diesel fuel. Comment: Revenues collected under the motor fuels excise were $654 million in Fiscal Year 2009 and $654.6 million in Fiscal Year 2010. Origin: M.G.L. c. 64H, S. 6(g) Estimate: $626.9 |
512 | 575.1 | 626.9 |
Key:
ORIGIN | |
M.G.L. | Massachusetts General Laws |
---|---|
ESTIMATES | All estimates are in $ millions. |
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