Governor Signs Bill Capping Taxes on Energy for Manufactures
Today Governor Sonny Perdue signed legislation capping the sales tax on energy used in the manufacturing process. HB 272 provides a cap for certain energy prices over which no additional state sales and use tax will be paid by manufacturers. Commodities subject to this partial exemption include natural gas, No. 2 fuel oil, No. 6 fuel oil, propane, petroleum coke, coal and the fuel cost recovery charge component of retail electricity rates....
Wednesday, May 14, 2008
Governor Signs Bill Capping Taxes on Energy for Manufactures
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