DIGEST OF INTRODUCED BILL
State tax matters. Provides that the sales tax exclusion for electrical energy, natural or artificial gas, water, steam, or steam heating service sold to a person for use in manufacturing, production, refining, or agriculture and pertaining to food preparation applies only if those sales are separately metered. (Another law allows an exemption for that part of the energy directly used for these purposes when the sales are not separately metered.) Eliminates the carryback of net operating losses under the adjusted gross income tax.