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Bill History/Action for LegislatureNext Bill
- Bill SB 321
- Current Status (S) RES
- Then FIN
- Status Date 02/16/2004
- Bill Version SSSB 321
- Short Title MODIFICATION OF OIL SEVERANCE TAX
SENATORS FRENCH, Hoffman, Elton
- Title "An Act amending the oil and gas properties production (severance) tax as it relates to oil to require payment of a tax of at least five percent of the gross value at the point of production before any price adjustments authorized by this Act, to modify the mechanism for calculating the effective tax rate, to provide for adjustments to the tax when the prevailing value of the oil exceeds $20 per barrel or falls below $16 per barrel and to limit the effect of the adjustments, to exempt certain kinds of oil from application of the adjustments, and to waive and defer payment of portions of the tax on oil when its prevailing value falls below $10 per barrel; and providing for an effective date."
Fiscal Action Summary
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Bill Amendments Summary
- Bill : SB 321
Amendments that are adopted are incorporated into the next version of the bill.
PDF versions of the amendment may have slight variations from the Journal entry. The Journal should be considered the authoritative version.
House and Senate Minutes/Recordings
- Bill : SB 321
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Documents for Bill SB 321 23rd Legislature
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