Adds new Article 5J, Propane Gas Tax, to GS Chapter 105 to impose an excise tax of 14¢ per gallon on propane gas in lieu of a sales and use tax. Sets out exemptions and details how the tax must be paid. Provides that the tax is payable by the distributor, as defined, for propane gas sold to an end user. Makes a conforming change to GS 105-164.13 (exemptions from sales and use tax). Effective January 1, 2013.
Effective January 1, 2014, decreases the tax rate to $.108 per gallon. Effective January 1, 2015, decreases the rate to $.076 per gallon. Effective January 1, 2016, decreases the rate to $.043 per gallon.
PROPANE GAS TAX EQUALIZATION ACT.
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| View NCGA Bill Details | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT TO CONVERT THE SALES TAX ON CERTAIN SALES OF PROPANE GAS INTO AN EXCISE TAX.Intro. by Tillman.
Status: Ref To Com On Finance (Senate Action) (Jan 31 2013)
Bill History:
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Wed, 30 Jan 2013 Senate: Filed
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Thu, 31 Jan 2013 Senate: Passed 1st Reading
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Thu, 31 Jan 2013 Senate: Ref To Com On Finance
S 13
Bill Summaries:
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Bill S 13 (2013-2014)Summary date: Jan 30 2013 - View Summary
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