Massachusetts 2023-2024 Regular Session

Massachusetts House Bill H4457 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1 of 1
2	2	HOUSE DOCKET, NO. 4313 FILED ON: 5/11/2023
3	3	HOUSE . . . . . . . . . . . . . . . No. 4457
4	4	The Commonwealth of Massachusetts
5	5	_________________
6	6	PRESENTED BY:
7	7	Adrian C. Madaro
8	8	_________________
9	9	To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
10	10	Court assembled:
11	11	The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
12	12	An Act establishing a Massport Climate Resiliency Trust Fund.
13	13	_______________
14	14	PETITION OF:
15	15	NAME:DISTRICT/ADDRESS :DATE ADDED:Adrian C. Madaro1st Suffolk5/11/2023 1 of 2
16	16	HOUSE DOCKET, NO. 4313 FILED ON: 5/11/2023
17	17	HOUSE . . . . . . . . . . . . . . . No. 4457
18	18	By Representative Madaro of Boston, a petition (subject to Joint Rule 12) of Adrian C. Madaro
19	19	for legislation to establish a Massport climate resiliency trust fund to be funded by a portion of
20	20	jet fuel excise taxes. Revenue.
21	21	The Commonwealth of Massachusetts
22	22	_______________
23	23	In the One Hundred and Ninety-Third General Court
24	24	(2023-2024)
25	25	_______________
26	26	An Act establishing a Massport Climate Resiliency Trust Fund.
27	27	Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
28	28	of the same, as follows:
29	29	1 SECTION 1. Chapter 29 of the General Laws, as appearing in the 2020 Official Edition,
30	30	2is hereby amended by adding after Section 2QQQQQ the following section:-
31	31	3 Section 2RRRRR. (a) There is hereby established and set up on the books of the
32	32	4commonwealth a separate fund to be known as the Massport Climate Resiliency Trust Fund.
33	33	5The Director of the Massachusetts Port Authority (“Authority”) shall administer the fund and
34	34	6may expend from the fund.
35	35	7 (b) There shall be credited to the fund revenues derived from the dedicated jet fuel excise
36	36	8tax as provided in Section 1 (l) of Chapter 64J of the General Laws.
37	37	9 (c) The public purpose of the Massport Climate Resiliency Trust Fund shall be to provide
38	38	10funding for investment activities to reduce carbon emissions and mitigate climate change impacts
39	39	11in the commonwealth’s airports through investments in electric vehicle infrastructure, energy 2 of 2
40	40	12efficiency in buildings, transitions to sustainable fuels, and other investments as the director
41	41	13deems appropriate.
42	42	14 (d) The director of Massport shall, not later than July 1, annually report to the Joint
43	43	15Committee on Transportation. The report shall include: (1) a list of projects receiving funds; (2)
44	44	16the associated grant amounts; (3) the purposes of the grants; (4) an annual statement of cash
45	45	17inflows and outflows detailing the uses of funds; (5) a forecast of future payments based on
46	46	18current binding obligations; and (6) a detailed breakdown of the purposes and amounts of
47	47	19administrative costs charged to the fund.
48	48	20 SECTION 2. Section 1 of Chapter 64J of the General Laws, as appearing in the 2020
49	49	21Official Edition, is hereby amended by adding the following subsection:-
50	50	22 (l) Dedicated jet fuel excise tax: The difference between the “Tax per gallon” as defined
51	51	23in section (i) above and the “Tax per gallon” on sales of motor vehicle gasoline as defined in Ch.
52	52	2464A.
53	53	25 SECTION 3. Section 4 of Chapter 64J of the General Laws, as appearing in the 2020
54	54	26Official Edition, is hereby amended by adding the following:-
55	55	27 Every licensee shall additionally pay to the commissioner the dedicated jet fuel tax as
56	56	28defined in Section 1(l) of this chapter. The commissioner shall remit the dedicated jet fuel excise
57	57	29tax revenue to the Massport Climate Resiliency Trust Fund, as defined in Section 2RRRRR of
58	58	30Chapter 29.