Massachusetts S1799 proposes an excise tax to fund climate change adaptation infrastructure and affordable housing investments.

Massachusetts S1799 amends the excise tax on motor vehicle fuel to increase funding for climate change adaptation infrastructure and affordable housing investments. The bill allocates additional fees to the Global Warming Solutions Trust Fund, Affordable Housing Trust Fund, and Housing Preservation and Stabilization Trust Fund. Funds must support policy recommendations in the Commonwealth’s Clean Energy and Climate plans and prioritize investments in environmental justice populations. The changes take effect on July 1, 2024.

Massachusetts S1799 proposes an excise tax to fund climate change adaptation infrastructure and affordable housing investments.

Massachusetts S1799 amends the excise tax on motor vehicle fuel to increase funding for climate change adaptation infrastructure and affordable housing investments. The bill allocates additional fees to the Global Warming Solutions Trust Fund, Affordable Housing Trust Fund, and Housing Preservation and Stabilization Trust Fund. Funds must support policy recommendations in the Commonwealth’s Clean Energy and Climate plans and prioritize investments in environmental justice populations. The changes take effect on July 1, 2024.