LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION April 5, 2009 TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3899 by Oliveira (Relating to the administration of and exemptions from the gas production tax.), As Introduced No fiscal implication to the State is anticipated. This bill would amend Chapter 201 of the Tax Code, relating to exemptions for hydrocarbons from the Texas Experimental Research and Recovery Activity (TERRA) wells and the reporting of the natural gas production tax. The bill would amend Section 201.058(a) by removing the reference to Section 202.059, relating to exemptions for hydrocarbons from TERRA wells. However, the TERRA well exemption had previously been nullified by the removal of Chapter 93 of the Natural Resource Code during the 77th Legislative, Regular Session (2001). Therefore, the bill would have no fiscal impact on the state or units of local government. The bill would amend Sections 201.203(a) and 201.2035(a) to conform with Comptroller rules relating to the filing of natural gas production tax reports. This bill would take effect September 1, 2009. Local Government Impact No fiscal implication to units of local government is anticipated. Source Agencies:304 Comptroller of Public Accounts LBB Staff: JOB, MN, SD, KK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION
April 5, 2009
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:HB3899 by Oliveira (Relating to the administration of and exemptions from the gas production tax.), As Introduced
TO: Honorable Rene Oliveira, Chair, House Committee on Ways & Means
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: HB3899 by Oliveira (Relating to the administration of and exemptions from the gas production tax.), As Introduced
Honorable Rene Oliveira, Chair, House Committee on Ways & Means
Honorable Rene Oliveira, Chair, House Committee on Ways & Means
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
HB3899 by Oliveira (Relating to the administration of and exemptions from the gas production tax.), As Introduced
HB3899 by Oliveira (Relating to the administration of and exemptions from the gas production tax.), As Introduced
No fiscal implication to the State is anticipated.
No fiscal implication to the State is anticipated.
This bill would amend Chapter 201 of the Tax Code, relating to exemptions for hydrocarbons from the Texas Experimental Research and Recovery Activity (TERRA) wells and the reporting of the natural gas production tax. The bill would amend Section 201.058(a) by removing the reference to Section 202.059, relating to exemptions for hydrocarbons from TERRA wells. However, the TERRA well exemption had previously been nullified by the removal of Chapter 93 of the Natural Resource Code during the 77th Legislative, Regular Session (2001). Therefore, the bill would have no fiscal impact on the state or units of local government. The bill would amend Sections 201.203(a) and 201.2035(a) to conform with Comptroller rules relating to the filing of natural gas production tax reports. This bill would take effect September 1, 2009.
This bill would amend Chapter 201 of the Tax Code, relating to exemptions for hydrocarbons from the Texas Experimental Research and Recovery Activity (TERRA) wells and the reporting of the natural gas production tax.
The bill would amend Section 201.058(a) by removing the reference to Section 202.059, relating to exemptions for hydrocarbons from TERRA wells. However, the TERRA well exemption had previously been nullified by the removal of Chapter 93 of the Natural Resource Code during the 77th Legislative, Regular Session (2001). Therefore, the bill would have no fiscal impact on the state or units of local government.
The bill would amend Sections 201.203(a) and 201.2035(a) to conform with Comptroller rules relating to the filing of natural gas production tax reports.
This bill would take effect September 1, 2009.
Local Government Impact
No fiscal implication to units of local government is anticipated.
Source Agencies: 304 Comptroller of Public Accounts
304 Comptroller of Public Accounts
LBB Staff: JOB, MN, SD, KK
JOB, MN, SD, KK