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ND SB2036
Bill
Status
3/12/2015
Primary Sponsor
Legislative Management
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AI Summary
Senate Bill No. 2036 Summary
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Exempts initial sales of beneficiated coal from North Dakota sales and use tax effective after June 30, 2015.
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Amends power plant equipment exemptions to remove references to "beneficiated coal" in favor of coal "from its natural form" for tax purposes after June 30, 2017.
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Exempts beneficiated coal produced for use within a coal conversion facility from the coal conversion facility privilege tax.
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Simplifies coal severance tax exemptions for coal used in agricultural processing or sugar beet refining plants, eliminating prior requirements for coal beneficiation documentation after June 30, 2015.
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Effective for all taxable events occurring after June 30, 2015.
Legislative Description
The sales and use tax exemption for beneficiated coal and equipment for certain power plants, an exemption from the coal conversion facility privilege tax for beneficiated coal produced for use within a coal conversion facility, and the severance and sales and use tax exemption for coal used in certain plants; and to provide an effective date.
Last Action
Signed by Governor 03/12
3/12/2015