CITY-PIPED GAS EXCISE TAX SHARE MODIFICATION.

View NCGA Bill Details2019-2020 Session
Senate Bill 324 (Public) Filed Wednesday, March 20, 2019
AN ACT TO PROVIDE FOR A MORE EQUITABLE DISTRIBUTION OF SALES TAX PROCEEDS FROM THE SALE AND USE OF PIPED NATURAL GAS.
Intro. by Sanderson.

Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Mar 21 2019)

Bill History:

S 324

Bill Summaries:

  • Summary date: Mar 20 2019 - More information

    Amends GS 105-166.44L, which provides for the quarterly piped natural gas excise tax share of a city. Adds new provisions to provide for the quarterly excise tax share of a low-use city, defined as a city that had less than $1,000 in quarterly piped natural gas excise tax distributed under repealed GS 105-187.44 in the last quarter in which taxes were imposed on piped natural gas under repealed Article 5E (repealed effective July 1, 2014). Makes the low-use city's quarterly excise tax share equal to what the city's excise tax share would have been under the repealed statute using the city's first same related quarter usage data beginning with January 1, 2020. Requires recalculation of each low-use city's excise tax share pursuant to the new provisions each year for three successive years, with the average quarterly excise tax share at the conclusion of the third year to be the share in all subsequent years with no further recalculation. Applies to distributions made on or after January 1, 2020.


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