84R11806 GRM-F
By: Murphy H.B. No. 2910
A BILL TO BE ENTITLED
AN ACT
relating to a sales and use tax exemption for certain equipment used
for mineral exploration and production.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 151.324(b), Tax Code, is amended to read
as follows:
(b) Drilling and fracturing equipment, including a blender,
liquid or acid pumping system, or custom trailer for fracturing
equipment, that is used for the exploration for or production of
oil, gas, sulphur, or other minerals, that is built for exclusive
use outside this state, and that is, on completion, removed
forthwith from this state is exempted from the taxes imposed by this
chapter.
SECTION 2. The changes in law made by this Act do not affect
tax liability accruing before the effective date of this Act. That
liability continues in effect as if this Act had not been enacted,
and the former law is continued in effect for the collection of
taxes due and for civil and criminal enforcement of the liability
for those taxes.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2015.