S.F. 248 Section 1. Section 437A.5, subsection 7, Code 2015, is 1 amended by adding the following new paragraph: 2 NEW PARAGRAPH . 0c. For tax years beginning on or after 3 January 1, 2015, subsection 2 does not apply to natural gas 4 consumed by a person, other than an electric company, natural 5 gas company, electric cooperative, or municipal utility, if 6 the natural gas is acquired by means of facilities owned by or 7 leased to such person and placed into service after January 1, 8 1999, but before January 1, 2015, that were physically attached 9 to pipelines that are not permitted pursuant to chapter 479 10 and used by such person for the purpose of bypassing the local 11 natural gas company or municipal utility. 12 Sec. 2. EFFECTIVE UPON ENACTMENT. This Act, being deemed of 13 immediate importance, takes effect upon enactment. 14 Sec. 3. RETROACTIVE APPLICABILITY. This Act applies 15 retroactively to January 1, 2015, for tax years beginning on 16 or after that date. 17 EXPLANATION 18 The inclusion of this explanation does not constitute agreement with 19 the explanation’s substance by the members of the general assembly. 20 This bill excludes from the natural gas consumer replacement 21 tax under Code section 437A.5(2), natural gas consumed by a 22 person, other than an electric company, natural gas company, 23 electric cooperative, or municipal utility, if the natural 24 gas is acquired by means of facilities owned by or leased to 25 such person and placed into service after January 1, 1999, 26 but before January 1, 2015, that were physically attached to 27 pipelines that are not permitted pursuant to Code chapter 28 479 and used by such person for the purpose of bypassing the 29 local natural gas company or municipal utility. The exclusion 30 provided in the bill is for tax years beginning on or after 31 January 1, 2015. 32 The bill takes effect upon enactment and applies 33 retroactively to January 1, 2015, for tax years beginning on 34 or after that date. 35 -1- LSB 1914XS (2) 86 md/sc 1/ 1