|Full Text of SB 50||Intro/ Offered||Passed|
Bill History/Action for LegislatureNext Bill
- Bill SB 50
- Current Status (S) RES
- Status Date 01/12/2005
- Bill Version
- Short Title OIL SEVERANCE TAX
- Title "An Act relating to the oil and gas properties production (severance) tax as it applies to oil; establishing a minimum rate of tax for certain fields of five percent; providing for an adjustment to increase the tax collected when oil prices exceed $20 per barrel and to reduce the tax collected when oil prices fall below $16 per barrel; and providing for relief from the tax when the price per barrel is low or when the taxpayer demonstrates that a reduction in the tax is necessary to establish or reestablish production from an oil field or pool that would not otherwise be economically feasible."
Fiscal Action Summary
|Fiscal Note||Preparer||Date||Chamber||Fiscal Impact||Cmte Report||Approp Bill|
Bill Amendments Summary
- Bill : SB 50
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 50
|Meeting Date||Start Time||Title||Meeting Details|
|3/18/2005||3:30 PM||SENATE RESOURCES||Minutes||Audio|
Documents for Bill SB 50 24th Legislature
Additional documents may be added - continue to check back.