NC S611

Creates a new excise tax on propane gas received by end users for consumption in North Carolina at a rate of 14 cents per gallon, effective January 1, 2012.

Tax rate decreases over time: to 10.8 cents per gallon on January 1, 2013; to 7.6 cents per gallon on January 1, 2014; and to 4.3 cents per gallon on January 1, 2015.

Exempts propane gas used by manufacturers with valid manufacturer's certificates, farmers with valid farmer's certificates, and certain portable container sizes (420 pounds or less on distributor premises, less than 33 pounds for delivery).

Makes distributors liable for paying the excise tax monthly by the 20th day of the following month, with quarterly returns required.

Replaces sales and use tax on propane gas with the new excise tax; excludes propane gas already taxed under other provisions from the new tax.