Bill Summary for H 494 (2015-2016)
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Summary date:
Apr 2 2015
Bill Information:
| View NCGA Bill Details | 2015-2016 Session |
AN ACT TO EQUALIZE THE TAXATION OF LIQUEFIED PROPANE GAS WHEN USED AS A MOTOR FUEL.Intro. by Collins.
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Bill summary
Identical to S 448 filed on 3/25/15.
Amends GS 105-449.130, definitions for alternative fuel, providing a new term,gas gallon equivalent of liquefied propane gas, defined as the energy equivalent of 5.75 pounds of liquefied propane gas.
Amends GS 105-449.136(a), tax rates for alternative fuel, providing that the tax on liquefied propane gas is imposed on each gas gallon equivalent of liquefied propane gas.
Effective July 1, 2015.