Item | Description | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 |
---|---|---|---|---|---|---|
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. Effective July 31, 2013, the excise on gasoline and special fuels was increased from 21 cents per gallon to 24 cents per gallon. Comment: Revenues collected under the motor fuels excise were $732.5 million in Fiscal Year 2014 and $756.2 million in Fiscal Year 2015. Origin: M.G.L. c. 64H, S. 6(g) Estimate: $647.2 |
724.8 | 716.1 | 647.2 | 730.9 | 647.2 |
ORIGIN | |
M.G.L. | Massachusetts General Laws |
---|---|
ESTIMATES | All estimates are in $ millions. |