Title: Establishes Property Tax Exemption for Natural Gas Pipelines
Vote to pass a bill that establishes a property tax exemption for natural gas pipelines.
Establishes tax exemption for “All property, excluding the land on which it is situated, which is part of an intrastate natural gas transportation or distribution pipeline system…” (Sec. 1).
Authorizes such exemption only if “Construction of the pipeline system commenced after January 1, 2023” and “The pipeline system provides service to a city or township in which the majority of households or businesses did not have access to natural gas distribution systems as of January 1, 2023” (Sec. 1).
Limits period of exemption to 15 years (Sec. 1).
Title: Establishes Property Tax Exemption for Natural Gas Pipelines