The bill S.274, introduced by Senators Watson and Perchlik, aims to amend the sales and use tax exemption for fuel used in residences for domestic purposes. Specifically, it seeks to limit the exemption by excluding sales made to second homes, short-term rental properties, or other nonhomestead residential properties. The bill modifies the definition of "residence" to clarify that it refers to residential properties not classified as nonhomestead residential, as per the most recent list published by the Commissioner.

Additionally, the bill mandates that the Commissioner publish an annual list of addresses for properties classified as nonhomestead residential, which will be used to determine tax liability. Sellers relying on this list will be protected from sales tax liability if they do not collect tax due to errors or omissions on the list. The act is set to take effect on July 1, 2029.

Statutes affected:
As Introduced: 32-9741(26), 32-9741