Natural gas subject to public utility tax

From the 2024 DOR Tax Exemption Study

82.12.022(4) - Natural gas subject to public utility tax Description Gas is not subject to the brokered natural gas use tax if the seller previously paid public utility tax for the same gas. Purpose This exemption eliminates double taxation of the same fuel. Gas purchased via brokers is generally not subject to public utility tax, which is why the brokered natural gas tax is in place. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $74.056 $76.062 $79.811 $85.208 Local Taxes $89.608 $92.035 $96.571 $103.101 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $69.724 $79.811 $85.208 Local Taxes $0.000 $84.365 $96.571 $103.101 Assumptions - This repeal takes effect July 1, 2024, and impacts 11 months of collections in fiscal year 2025. - Growth rate mirrors the public utility tax growth rate reflected in the Economic and Revenue Forecast Council's March 2023 forecast. Data Sources - Department of Revenue, Excise tax data - Economic and Revenue Forecast Council, March 2023 forecast Additional Additional Information Information Cat