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SB 0253 - Motor Fuels; levy of excise tax; exempt school systems, counties, and municipalities

Tracking Level: Watch
Sponsor: McKoon, Joshua 29th
Last Action: 1/22/2016 - Senate Read and Referred
Senate Committee: FIN
Assigned To:
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Staff Analysis of the Legislation

SUMMARY:  LC 43 0193

Exempts the excise tax on motor fuels for sales for the exclusive use of a school system in operating school buses when the motor fuel is purchased and paid for by the school system.

Exempts the excise tax on motor fuels for sales to a county or municipality for the exclusive use of such county or municipality when the motor fuel is purchased and paid for by such county or municipality.  

EFFECTIVE DATE:  July 1, 2016 if approved by the General Assembly and Governor.

 


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