Bill Summary for H 1231 (2013-2014)
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Summary date:
May 27 2014
Bill Information:
| View NCGA Bill Details | 2013-2014 Session |
AN ACT TO EXEMPT CERTAIN SALES OF NATURAL GAS RELATING TO GAS CITIES.Intro. by B. Brown, S. Martin, Hastings, T. Moore.
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Bill summary
Amends GS 105-164.13, concerning exemptions from the retail sales and use tax, providing that piped natural gas received by a gas city for consumption by that city and delivered by a gas city to a sales or transportation customer of the gas city is exempt from the tax imposed by GS Chapter 105, Article 5.
Amends GS 105-164.44L(b), making conforming changes and deleting language that previously dealt with excise tax share of gas cities.
Effective July 1, 2014, applying to sales made on or after that date.