Sec. 1. 36 MRSA §2903, sub-§1, as amended by PL 1999, c. 473, Pt. B, §1 and affected by §5, is further amended to read:

1. Excise tax imposed. An excise tax is imposed on internal combustion engine fuel used or sold within this State, including sales to the State or a political subdivision of the State, at the rate of 22¢ 17¢ per gallon, except that the rate is 3.4¢ per gallon on internal combustion engine fuel, as defined in section 2902, bought or used for the purpose of propelling jet or turbojet engine aircraft.

SUMMARY

This bill reduces the excise tax on gasoline by 5¢, from 22¢ to 17¢.