FL H0647

Extends the expiration date for the $200 monthly penalty on unlicensed natural gas retailers from December 31, 2023 to December 31, 2018.

Delays the effective date of natural gas fuel taxes from January 1, 2024 to January 1, 2019, including an excise tax of 4 cents per motor fuel equivalent gallon, a ninth-cent fuel tax, and a local option fuel tax of 1 cent per gallon.

Beginning January 1, 2019, unlicensed natural gas retailers must pay a penalty of 25 percent of the tax assessed on total purchases made during the unlicensed period, replacing the $200 monthly penalty.

Requires natural gas fuel retailers to begin filing monthly reports with the department starting February 2019, detailing inventory, purchases, disposals, and taxable sales on or before the 20th day of each month.

Allows natural gas fuel retailers a 0.67 percent deduction from taxes owed to compensate for compliance costs, available only if payment is made by the 20th day of the month.