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23rd Legislature(2003-2004)

Bill History/Action for 23rd Legislature


BILL: HB 441 SHORT TITLE: MODIFICATION OF OIL SEVERANCE TAX
BILL VERSION: SSHB 441
CURRENT STATUS: (H) W&M STATUS DATE: 02/16/04
                             THEN O&G, RES, FIN
SPONSOR(S): REPRESENTATIVE(S) GARA, Croft, Guttenberg, Kerttula

TITLE: "An Act amending the oil and gas properties production (severance) tax as it relates to oil to require payment of a tax of at least five percent of the gross value at the point of production before any price adjustments authorized by this Act, to modify the mechanism for calculating the effective tax rate, to provide for adjustments to the tax when the prevailing value of the oil exceeds $20 per barrel or falls below $16 per barrel and to limit the effect of the adjustments, to exempt certain kinds of oil from application of the adjustments, and to waive and defer payment of portions of the tax on oil when its prevailing value falls below $10 per barrel; and providing for an effective date."

Bill Number:
Jrn-DateJrn-PageAction
02/05/042512(H)READ THE FIRST TIME - REFERRALS
02/05/042512(H)W&M, O&G, RES, FIN
02/16/042592(H)SPONSOR SUBSTITUTE INTRODUCED
02/16/042592(H)READ THE FIRST TIME - REFERRALS
02/16/042592(H)W&M, RES, FIN
02/16/042592(H)REFERRED TO WAYS & MEANS
03/29/043122(H)O&G REFERRAL ADDED AFTER W&M

Similar Subject Match or Exact Subject Match
LEASES
OIL & GAS
PROPERTY
RESOURCES
REVENUE
TAXATION