SUMMARY--Provides for taxation of certain hydrocarbons used to produce emulsions of water-phased hydrocarbon fuel as special fuel. (BDR 32-1642)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: No.
EXPLANATION - Matter in italics is new; matter in brackets [ ] is material to be omitted.
AN ACT relating to the tax on special fuel; providing for the taxation of certain hydrocarbons used to produce emulsions of water-phased hydrocarbon fuel as special fuel; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1 NRS 365.060 is hereby amended to read as follows:
365.060"Motor vehicle fuel" means gasoline, natural gasoline, casing-head gasoline [and] or any other inflammable or combustible liquid, [by whatever name such liquid may be] regardless of the name by which the liquid is known or sold, the chief use of which in this state is for the propulsion of motor vehicles, motorboats or aircraft other than jet or turbine-powered aircraft. [Kerosene,] The term does not include kerosene, gas oil, fuel oil, fuel for jet or turbine-powered aircraft, diesel fuel , [and] liquefied petroleum gas [are not considered motor vehicle fuel for the purposes of this chapter.] and any hydrocarbon that is mixed with water in an amount not less than 20 percent by volume of the total amount of the mixture to produce an emulsion of water-phased hydrocarbon fuel.
Sec. 2 NRS 366.060 is hereby amended to read as follows:
366.060"Special fuel" means [all combustible gases and liquids] any combustible gas or liquid used for the generation of power for the propulsion of motor vehicles, [except that it] including any hydrocarbon that is mixed with water in an amount not less than 20 percent by volume of the total amount of the mixture to produce an emulsion of water-phased hydrocarbon fuel. The term does not include motor vehicle fuel as defined in chapter 365 of NRS.
Sec. 3 This act becomes effective on July 1, 1997.