Enacts new Article 5H, Propane Gas Tax, to GS Chapter 105, imposing an excise tax, in lieu of sales and use tax, on propane gas received by an end user for NC consumption, at a rate of 14¢ per gallon. Exempts five specified circumstances from the tax. References definitions applicable to Article 5H. States that the tax is payable to the distributor in monthly payments, as detailed. Allows prepayment of the tax, as indicated, and requires a return quarterly. Directs the Department of Agriculture to give the Secretary a list of registered propane gas dealers and other requested information. Permits the Secretary to require that distributors report the amount of propane gas delivered, the persons receiving the gas, and the volume received. Includes recording and audit provisions. Makes conforming changes to GS 105-164.13, exempting propane gas taxed under Article 5H from retail sales and use tax.
Changes the tax rate to $.108 per gallon of propane gas, effective January 1, 2013; $.076 per gallon, effective January 1, 2014; and $.043, effective January 1, 2015.
Effective January 1, 2012, unless otherwise indicated.