The bill amends Section 31-36-20 of the General Laws concerning the Motor Fuel Tax, specifically addressing the allocation of proceeds to the Rhode Island public transit authority. It establishes that starting in fiscal year 2027, the allocation will be set at either eleven and seventy-five hundredths cents ($0.1175) per gallon or 29.375% of the total proceeds, whichever amount is greater. Additionally, it specifies that one-half cent ($0.005) per gallon of this allocation will be derived from the existing one cent ($0.01) per gallon environmental protection fee. The bill also clarifies the timeline for the allocation changes by replacing the phrase "years and thereafter" with "year." The act is set to take effect upon passage.

Statutes affected:
2668: 31-36-20