LB 952 - Water and Natural Gas Infrastructure Replacement and Sewage Program Sales Tax Exemption - Nebraska Key Vote

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Title: Water and Natural Gas Infrastructure Replacement and Sewage Program Sales Tax Exemption

Vote Smart's Synopsis:

Vote on a motion to invoke cloture on a bill that, beginning October 1, 2010, exempts from the sales tax the gross income received by a public utility dedicated to the purpose of water or natural gas infrastructure replacement and the gross income received by a city or public sewer utility dedicated to remedy combined sewer overflow.

Highlights:

-Defines "infrastructure replacement" as the actual cost of the replacement of deteriorated or obsolete piping by new piping pursuant to a planned program of pipe replacement and not for the sole purpose of piping repair (Sec. 4).

Title: Water and Natural Gas Infrastructure Replacement and Sewage Program Sales Tax Exemption

NOTE: INVOKING CLOTURE REQUIRES A MINIMUM OF 33 VOTES. IT IS NOT A VOTE TO PASS THE LEGISLATION, BUT A VOTE TO CEASE DEBATE AND PROCEED TO VOTE ON PASSAGE OF THE LEGISLATION.

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