| 1 | 1 | | H.B. No. 4433 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | AN ACT |
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| 5 | 5 | | relating to an exemption from oil and gas severance taxes for oil |
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| 6 | 6 | | and gas produced in association with the production of geothermal |
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| 7 | 7 | | energy. |
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| 8 | 8 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 9 | 9 | | SECTION 1. Subchapter B, Chapter 201, Tax Code, is amended |
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| 10 | 10 | | by adding Section 201.060 to read as follows: |
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| 11 | 11 | | Sec. 201.060. EXEMPTION OF GAS INCIDENTALLY PRODUCED IN |
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| 12 | 12 | | ASSOCIATION WITH THE PRODUCTION OF GEOTHERMAL ENERGY. Gas |
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| 13 | 13 | | incidentally produced in association with the production of |
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| 14 | 14 | | geothermal energy is not subject to the tax imposed by this chapter. |
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| 15 | 15 | | SECTION 2. Subchapter B, Chapter 202, Tax Code, is amended |
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| 16 | 16 | | by adding Section 202.063 to read as follows: |
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| 17 | 17 | | Sec. 202.063. EXEMPTION OF OIL INCIDENTALLY PRODUCED IN |
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| 18 | 18 | | ASSOCIATION WITH THE PRODUCTION OF GEOTHERMAL ENERGY. Oil |
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| 19 | 19 | | incidentally produced in association with the production of |
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| 20 | 20 | | geothermal energy is not subject to the tax imposed by this chapter. |
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| 21 | 21 | | SECTION 3. This Act takes effect September 1, 2009. |
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| 22 | 22 | | ______________________________ ______________________________ |
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| 23 | 23 | | President of the Senate Speaker of the House |
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| 24 | 24 | | I certify that H.B. No. 4433 was passed by the House on May |
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| 25 | 25 | | 12, 2009, by the following vote: Yeas 149, Nays 0, 1 present, not |
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| 26 | 26 | | voting; and that the House concurred in Senate amendments to H.B. |
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| 27 | 27 | | No. 4433 on May 29, 2009, by the following vote: Yeas 143, Nays 0, |
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| 28 | 28 | | 1 present, not voting. |
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| 29 | 29 | | ______________________________ |
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| 30 | 30 | | Chief Clerk of the House |
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| 31 | 31 | | I certify that H.B. No. 4433 was passed by the Senate, with |
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| 32 | 32 | | amendments, on May 27, 2009, by the following vote: Yeas 30, Nays |
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| 33 | 33 | | 0, 1 present, not voting. |
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| 34 | 34 | | ______________________________ |
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| 35 | 35 | | Secretary of the Senate |
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| 36 | 36 | | APPROVED: __________________ |
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| 37 | 37 | | Date |
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| 38 | 38 | | __________________ |
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| 39 | 39 | | Governor |
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