Natural Gas and Hydrogen Tax

Compressed natural gas (CNG) and hydrogen are taxed at a rate of $0.105 per gasoline gallon equivalent (GGE) until June 30, 2016; this rate will increase by $0.02 per year until July 2018. Liquefied natural gas (LNG) is taxed at a rate of $0.105 per diesel gallon equivalent (DGE) until June 30, 2016; this rate will increase by $0.02 per year until July 2018. One GGE is equal to 5.660 pounds (lbs.) of CNG or 2.198 lbs. of hydrogen. One DGE is equal to 6.06 lbs. of LNG. (Reference House Bill 362, 2015)

Did you find what you were looking for?