IN SB0488

Legislative Description

Taxation of special fuel. Eliminates the sales tax on the sale of all special fuel that is subject to the special fuel gallonage tax except for: (1) liquid natural gas or compressed natural gas through 2016; (2) natural gas or an alternative fuel commonly or commercially known or sold as butane or propane; and (3) dyed special fuel. Repeals the law concerning precollection of sales tax on special fuel. Increases the gallonage tax on special fuel from $0.16 to $0.27 per gallon. Eliminates the motor fuel surcharge tax on special fuel. Reduces the amount of sales tax deposited in the

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