Bill Summary for S 448 (2015-2016)
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Summary date:
Mar 25 2015
S.L. 2015-224
Bill Information:
| View NCGA Bill Details(link is external) | 2015-2016 Session |
AN ACT TO EQUALIZE THE TAXATION OF LIQUEFIED PROPANE GAS WHEN USED AS A MOTOR FUEL.Intro. by B. Jackson.
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Bill summary
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.