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Thursday, April 17, 2014

Lawmakers propose bulk propane sales tax relief

Indiana lawmakers pass amendment to eliminate sales tax on some sales of bulk propane

A propane shortage has prompted lawmakers to consider a move to save consumers money.

Associated Press
Posted on Jan. 29, 2014 at 3:10 p.m.

INDIANAPOLIS (AP) — Indiana consumers no longer would pay sales tax on bulk propane sold for more than $2.50 a gallon if an amended bill becomes law.

The amendment to a business property tax bill approved by the Indiana Senate on Tuesday also would give consumers credits for past purchases of costly propane.

Unusually cold temperatures have made propane supplies scarce in Indiana and other states. The U.S Energy Information Administration reported propane sold at a historic high of $2.98 per gallon earlier this month, but local reports say it’s now being sold for more than $5 a gallon.

The credits would be retroactive to Jan. 1 and extend through March.

State Sens. John Waterman of Shelburn, Doug Eckerty of Yorktown and Jim Smith of Charlestown drafted the amendment.

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