Substitute House Bill 430 Summary

• Extends the fireworks manufacturer and wholesaler license moratorium from September 15, 2018 to December 31, 2019, maintaining the prohibition on new licenses and geographic transfers that has existed since June 29, 2001

• Modifies sales and use tax exemption language for property used in crude oil and natural gas production to clarify what equipment and services qualify, including drilling services, wellhead equipment, hydraulic fracturing services, and artificial lift systems

• Specifies that the oil and gas production tax exemption does not apply to gathering operations, transportation equipment, storage facilities, office supplies, motor vehicles, safety devices, or property incorporated into real property structures

• Establishes application fees equal to one-half of one percent of project cost (not to exceed $2,000) for exempt facility certificates, with fees credited to appropriate state funds for administration

• Applies amendments as a remedial clarification to existing law retroactively to all pending reassessment petitions and tax audits as of May 18, 2018