HB 2962

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
Individual Liberty
Digest
HB 2962 exempts political subdivisions, including cities and counties, from taxes on the gross receipts of electricity sales. The bill requires the Public Utility Commission to adjust electric utility billing to reflect tax reductions resulting from this exemption. Retail electric providers must also pass tax savings on to political subdivision customers.
Author (1)
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