Bill No.: HB0153                  Drafter:  MQ

LSO No.:  11LSO-0323              Effective Date:  7/1/2011

Enrolled Act No.:  HEA0044

Chapter No.:       99

Prime Sponsor:     Representative Semlek

Catch Title:       Agricultural gas tax refund program.

Subject:  Provides a gasoline tax refund for gasoline purchased and used for agricultural purposes.

Summary/Major Elements:

● Current law requires a person to demonstrate that he has had gross revenues from agricultural products for at least $10,000 during the preceding 2 calendar years.

● Current law also requires a person to purchase gasoline in bulk (35 gallons or more) to qualify for the agricultural gas tax credit (70% of gasoline taxes paid on bulk purchases).

● This bill eliminates requirement to demonstrate that a person claiming the refund has had agricultural products totaling at least $10,000 in the preceding 2 calendar years.  Person claiming the refund now must submit a record of purchases and specify the percentage of such      gasoline used for agricultural purposes.

● Refund must be requested within 1 year following the date of purchase.

● If the person qualifies, 100% of the gasoline taxes are refunded within 60 days of submitting the form requesting the refund.