H.B. No. 4433
AN ACT
relating to an exemption from oil and gas severance taxes for oil
and gas produced in association with the production of geothermal
energy.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subchapter B, Chapter 201, Tax Code, is amended
by adding Section 201.060 to read as follows:
Sec. 201.060. EXEMPTION OF GAS INCIDENTALLY PRODUCED IN
ASSOCIATION WITH THE PRODUCTION OF GEOTHERMAL ENERGY. Gas
incidentally produced in association with the production of
geothermal energy is not subject to the tax imposed by this chapter.
SECTION 2. Subchapter B, Chapter 202, Tax Code, is amended
by adding Section 202.063 to read as follows:
Sec. 202.063. EXEMPTION OF OIL INCIDENTALLY PRODUCED IN
ASSOCIATION WITH THE PRODUCTION OF GEOTHERMAL ENERGY. Oil
incidentally produced in association with the production of
geothermal energy is not subject to the tax imposed by this chapter.
SECTION 3. This Act takes effect September 1, 2009.
______________________________ ______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 4433 was passed by the House on May
12, 2009, by the following vote: Yeas 149, Nays 0, 1 present, not
voting; and that the House concurred in Senate amendments to H.B.
No. 4433 on May 29, 2009, by the following vote: Yeas 143, Nays 0,
1 present, not voting.
______________________________
Chief Clerk of the House
I certify that H.B. No. 4433 was passed by the Senate, with
amendments, on May 27, 2009, by the following vote: Yeas 30, Nays
0, 1 present, not voting.
______________________________
Secretary of the Senate
APPROVED: __________________
Date
__________________
Governor