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NC S448
Bill
AI Summary
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Defines "gas gallon equivalent of liquefied propane gas" as the energy equivalent of 5.75 pounds of liquefied propane gas for taxation purposes.
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Imposes motor fuel tax on liquefied propane gas calculated per gas gallon equivalent, matching the tax treatment of liquefied natural gas which is taxed per diesel gallon equivalent.
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Amends G.S. 105-449.136(a) to establish that liquefied propane gas used as motor fuel is taxed on a gas gallon equivalent basis.
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Effective January 1, 2016.
Legislative Description
Equalize Tax on Propane Used as a Motor Fuel
Last Action
Ch. SL 2015-224
8/18/2015
Committee Referrals
Finance6/30/2015
Transportation6/15/2015
Finance5/20/2015
Transportation3/30/2015
Rules and Operations of the Senate3/26/2015
Full Bill Text
No bill text available