Bill Status of HB5014 95th General Assembly
Short Description: GAS REVENUE TAX-PHASE-OUT
Rep. George Scully, Jr.
| 1/13/2009||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Gas Revenue Tax Act. Provides that each July 1, beginning on July 1, 2008, the rate of the tax imposed for gas that is distributed, supplied, furnished, sold, or transported to a residential customer is reduced by $0.006 per therm until the rate of the tax is zero, but provides that, in no case, shall the tax be imposed with respect to gas that is distributed, supplied, furnished, sold, or transported to a residential customer on or after July 1, 2012. Effective immediately.