Item | Description | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 |
---|---|---|---|---|---|---|
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 $766.6 million in Fiscal Year 2016 and $769.4 million in Fiscal Year 2017. Origin: M.G.L. c. 64H, § 6(g) Estimate: $508.7 |
589.8 | 461.5 | 475.2 | 489.8 | 508.7 |
ORIGIN | |
M.G.L. | Massachusetts General Laws |
---|---|
ESTIMATES | All estimates are in $ millions. |