29th Legislature(2015-2016)

Bill History/Action for 29th Legislature


BILL: HB 247 SHORT TITLE: TAX;CREDITS;INTEREST;REFUNDS;O & G
BILL VERSION:
CURRENT STATUS: (H) RES STATUS DATE: 01/19/16
                             THEN FIN
SPONSOR(S): RULES BY REQUEST OF THE GOVERNOR
HEARING: (H) RES Feb 10 1:00 PM BARNES 124 -- Testimony <Invitation Only> -- TELECONFERENCE
HEARING: (H) RES Feb 12 1:00 PM BARNES 124 -- Public Testimony -- TELECONFERENCE
HEARING: (H) RES Feb 13 1:00 PM BARNES 124 -- Public Testimony -- TELECONFERENCE

TITLE: "An Act relating to confidential information status and public record status of information in the possession of the Department of Revenue; relating to interest applicable to delinquent tax; relating to disclosure of oil and gas production tax credit information; relating to refunds for the gas storage facility tax credit, the liquefied natural gas storage facility tax credit, and the qualified in-state oil refinery infrastructure expenditures tax credit; relating to the minimum tax for certain oil and gas production; relating to the minimum tax calculation for monthly installment payments of estimated tax; relating to interest on monthly installment payments of estimated tax; relating to limitations for the application of tax credits; relating to oil and gas production tax credits for certain losses and expenditures; relating to limitations for nontransferable oil and gas production tax credits based on oil production and the alternative tax credit for oil and gas exploration; relating to purchase of tax credit certificates from the oil and gas tax credit fund; relating to a minimum for gross value at the point of production; relating to lease expenditures and tax credits for municipal entities; adding a definition for "qualified capital expenditure"; adding a definition for "outstanding liability to the state"; repealing oil and gas exploration incentive credits; repealing the limitation on the application of credits against tax liability for lease expenditures incurred before January 1, 2011; repealing provisions related to the monthly installment payments for estimated tax for oil and gas produced before January 1, 2014; repealing the oil and gas production tax credit for qualified capital expenditures and certain well expenditures; repealing the calculation for certain lease expenditures applicable before January 1, 2011; making conforming amendments; and providing for an effective date."

Bill Number:
Jrn-DateJrn-PageAction
01/19/161436(H)READ THE FIRST TIME - REFERRALS
01/19/161436(H)RES, FIN
01/19/161436(H)FN1: ZERO(DNR)
01/19/161436(H)FN2: (REV)
01/19/161436(H)GOVERNOR'S TRANSMITTAL LETTER
01/19/161436(H)REFERRED TO RESOURCES

Similar Subject Match or Exact Subject Match
CAPITAL PROJECTS
CREDIT
FINANCE
INTEREST
LEASES
MINERALS
OIL & GAS
RESOURCES
REVENUE
SALES
TAXATION