GAS USE TAX-REPEAL

Amends the Gas Use Tax Law. Provides that, on or after July 1, 2005, no tax shall be imposed or collected under the Act. Amends the Gas Revenue Tax Act. Reinstates, beginning July 1, 2005, an exemption from the definition of "gross receipts" any charge for gas or gas services to a customer who acquired contractual rights for the direct purchase of certain gas or gas services originating from an out-of-state supplier or source on or before March 1, 1995. Ends the tax exemption for transactions with customers who incur a tax liability under the Gas Use Tax Law for bills issued to customers on or after July 1, 2005. Effective immediately.