Plain English Breakdown
The bill status is listed as passed by the legislature, but no effective date or specific start date is provided in the summary text.
Exempting Residential Electricity and Natural Gas from Sales Tax
This bill removes sales and use taxes on the retail sale of electricity and natural gas used in residential properties.
What This Bill Does
- Removes sales and use taxes on the retail sale of electricity for use by any residential property.
- Removes sales and use taxes on the retail sale of natural gas for use by any residential property.
- Sets a start date for this tax exemption to begin.
- Repeals laws that conflict with these new rules.
Who It Names or Affects
- People who live in homes or other residential properties.
- Companies that sell electricity and natural gas to homeowners.
Limits and Unknowns
- The official summary does not state the specific date when this tax exemption will start, only that it provides for one.
- The source material does not explain how much money the government expects to lose from removing these taxes.