HOUSE BILL NO. 3003                                                                                                           
                                                                                                                                
     An  Act relating  to oil and  gas properties  production                                                                   
     taxes;  providing  for a  production  tax adjustment  to                                                                   
     increase  the amount  of tax  at high  oil prices  and a                                                                   
     production  tax adjustment  to decrease  the tax  on the                                                                   
     production of  heavy oil; providing for  an exclusion of                                                                   
     a certain amount of oil and  gas from the gross value at                                                                   
     the point  of production; relating to  the determination                                                                   
     of  the gross  value  of oil  and gas  at  the point  of                                                                   
     production; and providing for an effective date.                                                                           
                                                                                                                                
10:37:13 AM                                                                                                                   
                                                                                                                                
Representative Croft  noted that he was available  to discuss                                                                   
HB 2003.   Co-Chair  Chenault  stated that  HB 3003 would  be                                                                   
heard at the next scheduled meeting.                                                                                            
                                                                                                                                
HB 3003 was SCHEDULED but not HEARD.