Oklahoma 2024 Regular Session

Oklahoma House Bill HB3054 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	HB3054 HFLR Page 1
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	3	+	Req. No. 10663 Page 1 1
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29		-	HOUSE OF REPRESENTATIVES - FLOOR VERSION
30		-
31	28		STATE OF OKLAHOMA
32	29
33	30		2nd Session of the 59th Legislature (2024)
34	31
35	32		COMMITTEE SUBSTITUTE
36	33		FOR
37		-	HOUSE BILL NO. 3054 By: Boles and Williams of the
38		-	House
	34	+	HOUSE BILL NO. 3054 By: Boles
39	35
40		-	and
41		-
42		-	Rader of the Senate
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47	40		COMMITTEE SUBSTITUTE
48	41
49	42		[ gross production tax – property – ad valorem –
50	43		flowlines – gathering lines – effective date ]
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55	48		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAH OMA:
56	49		SECTION 1. AMENDATORY 68 O.S. 2021, Section 1001.1, is
57	50		amended to read as follows:
58	51		Section 1001.1 The Oklahoma Tax Commission shall adopt rules
59	52		and regulations which establish guidelines for the determination of
60	53		property exempt from ad valorem taxation pur suant to the provisions
61	54		of subsections G K and H L of Section 1001 of this title. Said
62	55		guidelines shall include, but are not limited to, the following:
63	56		1. "Producing leases" means wells or leases or production units
64	57		which have had production during any of th e previous three (3)
	58	+	calendar years which is subject to the gro ss production tax levied
	59	+	by Section 1001 of this title and which have not been abandoned or
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66		-	HB3054 HFLR Page 2
67		-	BOLD FACE denotes Committee Amendments. 1
	61	+	Req. No. 10663 Page 2 1
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92		-	calendar years which is subject to the gro ss production tax levied
93		-	by Section 1001 of this title and which have not been abandoned or
94	86		required to be plugged as r equired by law on or before January 1 of
95	87		the year for which the assessment or valuation is made;
96	88		2. "Payment of gross production tax " means payment of the tax
97	89		levied by Section 1001 of this title on production during any of the
98	90		three (3) calendar years im mediately prior to January 1 of the year
99	91		for which the assessment or valua tion is made; and
100	92		3. Property exempt from ad valorem tax pursu ant to the
101	93		provisions of subsections G K and H L of Section 1001 of this title
102	94		shall include, but is not limited to ,:
103	95		a. lease production tanks,
104	96		b. lease production meters,
105	97		c. flowlines and gathering lines going from the wellhead
106	98		either to the first sales meter that is the point of
107	99		custody transfer or t o the boundary of the production
108	100		unit, whichever distance is shorter, and
109	101		d. disposal systems, including all materials and
110	102		equipment of disposal systems and the lines
111	103		transporting the waste materials, serving one or more
112	104		wells, which are not for commercial purposes .
113	105		Provided, the exemption shall include the wellbore and non -
114	106		recoverable down-hole material, including casing, actually used in
115	107		the commercial disposal of waste materials produced with such oil or
	108	+	gas. Such exempt property shall remain exempt as long as the
	109	+	property is essential to the production of oil and gas in c ommercial
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117		-	HB3054 HFLR Page 3
118		-	BOLD FACE denotes Committee Amendments. 1
	111	+	Req. No. 10663 Page 3 1
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143		-	gas. Such exempt property shall remain exempt as long as the
144		-	property is essential to the production of oil and gas in c ommercial
145	136		quantities. The count y assessor shall be notified when such
146	137		property becomes nonexempt.
147	138		SECTION 2. This act shall become effective November 1, 2024.
148	139
149		-	COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS AND BUDGET , dated
150		-	02/29/2024 - DO PASS, As Amended and Coauthored.
	140	+	59-2-10663 JM 02/29/24
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