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.
Bill Summaries: H1231 GAS CITY SALES TAX EXEMPTION.
Printer-friendly: Click to view
Tracking:
-
Bill H 1231 (2013-2014)Summary date: May 27 2014 - View Summary