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H.721

Introduced by   Representative Edwards of Brattleboro

Referred to Committee on

Date:

Subject:  Taxation; gasoline tax; renewable energy systems

Statement of purpose:  This bill proposes to increase the gas tax by one‑half cent per gallon and to allocate the revenue received to the clean energy development fund to be used for small scale renewable energy in Vermont residences and businesses.

AN ACT RELATING TO INCREASING THE GASOLINE TAX BY ONE‑HALF CENT TO FUND RENEWABLE ENERGY IN VERMONT BUSINESSES AND RESIDENCES

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  23 V.S.A. § 3106 is amended to read:

§ 3106.  IMPOSITION, RATE, AND PAYMENT OF TAX

(a)  Except for sales of motor fuels between distributors licensed in this state, which sales shall be exempt from the tax, in all cases not exempt from the tax under the laws of the United States at the time of filing the report required by section 3108 of this title, each distributor shall pay to the commissioner a tax of 19 19.5 cents per gallon upon each gallon of motor fuel sold by the distributor.  The distributor shall also pay to the commissioner a tax in the same amount upon each gallon of motor fuel used within the state by him or her.

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(c)  Except as provided in subsection subsections (d) and (e) of this section, and section subdivision 1220a(b)(3) of this title, all taxes, interest, and penalties collected by the department of motor vehicles under this chapter shall be paid to the state treasurer and credited to the transportation fund.

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(e)  Revenues received from one-half cent of the gasoline tax collected under subsection (a) of this section shall be deposited into the Vermont clean energy development fund established by 10 V.S.A. § 6523 to be used for small scale renewable energy in Vermont residences and businesses.



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us