|Full Text of SB 38||Intro/ Offered||Passed|
Bill History/Action for LegislatureNext Bill
- Bill SB 38
- Current Status (S) RES
- Status Date 01/11/2005
- Bill Version
- Short Title MODIFICATION OF OIL SEVERANCE TAX
- 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, and to exempt certain kinds of oil from application of the adjustments; requiring separate accounting of the proceeds of the tax as amended, and authorizing appropriation of a portion of tax proceeds subject to price adjustment to support state shared revenue programs; and providing for an effective date."
Fiscal Action Summary
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Bill Amendments Summary
- Bill : SB 38
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 38
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Documents for Bill SB 38 24th Legislature
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