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RI S2668

Bill

Official Source

Status

Introduced

2/27/2026

Primary Sponsor

Samuel Zurier

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Establishes a new funding formula for Rhode Island Public Transit Authority (RIPTA) beginning fiscal year 2027, guaranteeing either $0.1175 per gallon or 29.375% of total motor fuel tax proceeds, whichever is greater
  • Current law for fiscal year 2026 sets RIPTA allocation at a flat $0.1175 per gallon with no percentage-based alternative
  • Requires $0.005 per gallon of the RIPTA allocation to come from the $0.01 per gallon environmental protection fee under § 46-12.9-11
  • Protects RIPTA funding against potential future declines in gasoline consumption by tying allocation to a percentage of total proceeds as a floor
  • Takes effect upon passage

Legislative Description

Sets the allocation to RIPTA at the greater of $0.1175 per gallon or 29.375% of total proceeds, with $0.005 per gallon derived from the $0.01 per gallon environmental protection fee.

Motor And Other Vehicles

Last Action

Introduced, referred to Senate Finance

2/27/2026

Committee Referrals

Finance2/27/2026

Full Bill Text

No bill text available