Provides with respect to exempt severance tax on oil produced from stripper wells (Items #61 & 65) (OR -$6,796,000 GF RV See Note)
Severance Tax Exemption For Certain Projects
Tax Exemption For Some Oil & Gas Projects
Provides relative to the reductions to the rate of and exemptions from the severance tax (OR -$28,500 GF RV See Note)
The definition and certification of a restimulation well; and to provide an effective date.
Revise tax rates for stripper oil production
Revise taxation of horizontally recompleted wells
Modifies exemptions, suspensions, and special rates from July 1, 2015 to June 30, 2017 (EN NO IMPACT GF RV See Note)