BILL · 2007–08 SESSION · LATEST VERSION SSB 5575

SB 5575: Resale of natural gas

Providing an exemption from business and occupation tax for the resale of natural or manufactured gas by consumers.

Summary

  • A B&O tax exemption is provided for amounts received from the sale of natural or manufactured gas in a calendar year if the amount of gas sold within the U.S. by the business in that calendar year is no more than 20 percent of the amount of natural or manufactured gas that is consumed in the U.S. in the same calendar year.

From the Senate Bill Report (SB 5575), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 24, 2007
  2. Out of committeeFeb 9, 2007
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Steve Hobbs (D-44)
Introduced
January 24, 2007 in the Senate
Last action
January 14, 2008
Requested by
State agency
Companion bill
HB 1508
Budget
Has a fiscal note
Versions
SB 5575, SSB 5575

AN ACT Relating to an exemption from the business and occupation tax for the resale of natural or manufactured gas by consumers;

Sponsors

Prime sponsor: Steve Hobbs (D-44)

3 co-sponsors (1 Democrat, 2 Republicans)

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status. (SSB 5575)
  2. By resolution, reintroduced and retained in present status.
  3. Senate Rules "X" file. (SSB 5575)
  4. Senate Rules "X" file.
  5. Placed on second reading by Rules Committee. (SSB 5575)
  6. Placed on second reading by Rules Committee.
  7. WM - Majority; 1st substitute bill be substituted, do pass. (SSB 5575)
  8. Passed to Rules Committee for second reading. (SSB 5575)
  9. Passed to Rules Committee for second reading.
  10. WM - Majority; 1st substitute bill be substituted, do pass.
  11. First reading, referred to Ways & Means.

SB 5575 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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