Natural gas surplus sales

From the 2024 DOR Tax Exemption Study

82.04.310(3) - Natural gas surplus sales Description Sales of natural or manufactured gas are exempt from B&O tax if the person sells within the U.S. a total amount of natural or manufactured gas that is no more than 20% of the amount of natural or manufactured gas, they consumed within the U.S. within the same calendar year. Purpose Allows large industrial users who are not in the business of selling natural gas to sell back unused gas without incurring B&O tax. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes Minimal Minimal Minimal Minimal Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 Minimal Minimal Minimal Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions Revenue impact is considered to be minimal. Data Sources U.S. Energy Information Administration, Natural gas consumption by end use Additional Additional Information Information Category: Tax base Year Enacted: 2007 Primary Beneficiaries: Businesses using natural gas in industrial processes Taxpayer Count: Unknown Program Inc