NC H1231

Exempts piped natural gas from state sales tax when received by a gas city for its own consumption or delivered by a gas city to its sales or transportation customers.

Removes provisions requiring the Department to calculate and distribute quarterly excise tax shares to gas cities based on historical piped natural gas excise tax amounts.

Eliminates reporting requirements that gas cities had to provide to the Secretary regarding piped natural gas consumption and delivery for excise tax distribution purposes.

Becomes effective July 1, 2014, and applies to all sales made on or after that date.