DE HB369

Allows feedstock wholesalers to sell crude oil and feedstock petroleum products to other feedstock wholesalers, in addition to petroleum product refiners, while maintaining gross receipts tax exemptions.

Permits finished petroleum products wholesalers to sell to petroleum product refiners, expanding their eligible customers under the gross receipts tax exemption.

Creates a separate exemption for feedstock wholesalers selling feedstock petroleum products (distinct from crude oil) to refiners or other feedstock wholesalers, with conditions matching those for crude oil sales.

Renumbers existing exemption categories to accommodate new provisions, reorganizing exemptions for intermediate and finished petroleum product transactions.

Effective for tax periods beginning after September 30, 2011.