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OK HB1975
Bill
Status
2/7/2011
Primary Sponsor
Danny Morgan
Click for details
AI Summary
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Defines compressed natural gas as natural gas reduced to approximately 1% of original volume for use as motor vehicle fuel in Oklahoma
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Imposes a tax of five cents ($0.05) per gasoline gallon equivalent (gge) on compressed natural gas, in addition to existing gasoline (16 cents/gallon) and diesel fuel (13 cents/gallon) taxes
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Excludes compressed natural gas from the definition of "special fuel" and removes it from decal fee requirements that apply to liquefied petroleum gas and other alternative fuels
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Modifies the Motor Fuel Tax Code definitions and provisions in 68 O.S. 2001 Sections 500.3, 500.4, 701, and 723
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Effective July 1, 2011, with emergency clause declaring immediate necessity for public peace, health and safety
Legislative Description
Revenue and taxation; motor fuels taxation; compressed natural gas; effective date; emergency.
Revenue and Taxation
Last Action
Second Reading referred to Appropriations and Budget
2/8/2011