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2001 SESSION

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SB 834 Natural gas consumption tax.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Natural gas consumption tax. Provides that if a locality's license fee rate is set at a lower rate than the local consumption tax rate component of the natural gas consumption tax, the excess funds collected by the State Corporation Commission shall constitute additional state consumption tax revenue. The bill also allows localities to impose the local consumption tax at the time that natural gas service is made available in such localities.


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