2005 House Bill 4951

Add certain expenses to income tax base

Introduced in the House

June 16, 2005

Introduced by Rep. Lee Gonzales (D-49)

To expand the state income so as to tax to levy the tax on expenses incurred in the production of oil and gas. The administration contends that these expenses are already deducted on the federal tax return that established the income basis on which the state income tax is levied. The measure would collect an additional $4 million from taxpayers.

Referred to the Committee on Tax Policy