The bill amends Section 31-36-20 of the General Laws concerning the Motor Fuel Tax, specifically regarding the allocation of tax proceeds to the Intermodal Surface Transportation Fund. It establishes that for fiscal years 2010 through 2025, the allocation will be nine and seventy-five hundredth cents ($0.0975) per gallon, with one-half cent ($0.005) derived from the environmental protection fee. Starting in fiscal year 2026 and thereafter, the allocation will change to thirty percent (30%) of the total proceeds, which will also include thirty percent (30%) from the one cent ($0.01) per gallon environmental protection fee pursuant to 46-12.9-11.

The bill does not specify any allocation to the Elderly/Disabled Transportation Program or provisions regarding the Rhode Island Turnpike and Bridge Authority. It also does not include mandates for deposits and transfers of funds within twenty-four hours of receipt. The act will take effect upon passage.

Statutes affected:
5467: 31-36-20