82R4200 SMH-D
By: Eiland H.B. No. 759
A BILL TO BE ENTITLED
AN ACT
relating to the reporting by an owner of a facility used to store
certain hydrocarbons to the chief appraiser of an appraisal
district of information related to property stored in the facility.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 22.04, Tax Code, is amended by adding
Subsection (e) to read as follows:
(e) Notwithstanding Subsections (a) and (b), an owner of a
facility that is used to store oil, gas, or other hydrocarbons
produced from wells operated by other persons shall file with the
chief appraiser a report listing as of January 1:
(1) the name of each well operator on behalf of whom
the owner of the facility stores oil, gas, or other hydrocarbons in
the facility;
(2) the types of hydrocarbons stored on behalf of each
well operator; and
(3) the volume of each type of hydrocarbon stored on
behalf of each well operator.
SECTION 2. This Act applies only to the rendition of
property for ad valorem tax purposes for a tax year beginning on or
after the effective date of this Act.
SECTION 3. This Act takes effect January 1, 2012.