GAS USE TAX-REPEAL

Amends the Gas Use Tax Law. Provides that the gas use tax is no longer imposed and no gas use tax may be collected with respect to bills issued on or after the effective date of this amendatory Act. Repeals the Gas Use Tax Law on July 1, 2006. Amends the Gas Revenue Tax Act. Restores, with respect to bills issued on or after the effective date of this amendatory Act, an exemption from the tax imposed under the Act for gas or gas services to a customer who acquired contractual rights for the direct purchase of gas or gas services originating from an out-of-state supplier or source on or before March 1, 1995, except for those charges solely related to the local distribution of gas by a public utility. Effective immediately.