LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 81ST LEGISLATIVE REGULAR SESSION March 25, 2009 TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB997 by Duncan (Relating to the administration of and exemptions from the gas production tax.), As Introduced No fiscal implication to the State is anticipated. The bill would amend Chapter 201 of the Tax Code, regarding the natural gas production tax. The bill would remove the tax exemption for natural gas that is provided to oil production from a well subject to Texas Experimental Research and Recovery Activity (TERRA) provisions. Also, the bill would make changes codifying Comptroller rules relating to the filing of the natural gas production tax reports. 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 contains no revenue implications. The 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
March 25, 2009
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance FROM: John S. O'Brien, Director, Legislative Budget Board IN RE:SB997 by Duncan (Relating to the administration of and exemptions from the gas production tax.), As Introduced
TO: Honorable Steve Ogden, Chair, Senate Committee on Finance
FROM: John S. O'Brien, Director, Legislative Budget Board
IN RE: SB997 by Duncan (Relating to the administration of and exemptions from the gas production tax.), As Introduced
Honorable Steve Ogden, Chair, Senate Committee on Finance
Honorable Steve Ogden, Chair, Senate Committee on Finance
John S. O'Brien, Director, Legislative Budget Board
John S. O'Brien, Director, Legislative Budget Board
SB997 by Duncan (Relating to the administration of and exemptions from the gas production tax.), As Introduced
SB997 by Duncan (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.
The bill would amend Chapter 201 of the Tax Code, regarding the natural gas production tax. The bill would remove the tax exemption for natural gas that is provided to oil production from a well subject to Texas Experimental Research and Recovery Activity (TERRA) provisions. Also, the bill would make changes codifying Comptroller rules relating to the filing of the natural gas production tax reports. 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 contains no revenue implications. The bill would take effect September 1, 2009.
The bill would amend Chapter 201 of the Tax Code, regarding the natural gas production tax.
The bill would remove the tax exemption for natural gas that is provided to oil production from a well subject to Texas Experimental Research and Recovery Activity (TERRA) provisions. Also, the bill would make changes codifying Comptroller rules relating to the filing of the natural gas production tax reports.
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 contains no revenue implications.
The 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