Introduced
by
To reduce the “severance tax” or royalty paid to the state on oil and gas extracted from state land to 3.3 percent for oil and 3 percent for gas and oil extracted using “enhanced recovery” technology. Note: This is not the same as hydraulic fracturing (“fracking”).
Referred to the Committee on Energy and Technology
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Passed in the House 85 to 25 (details)
To reduce the “severance tax” or royalty paid to the state on oil and gas extracted from state land to 4 percent for hydrocarbons extracted using “enhanced recovery” technology, which injects carbon dioxide into wells to force out more product (this is different from hydraulic fracturing.
Referred to the Committee on Environment, Energy, and Technology
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Amendment offered
by
To not grant the proposed lower tax rate to a driller convicted of antitrust violations.
The amendment passed by voice vote
Amendment offered
by
To prohibit oil and gas drillers who are late paying the state “severance tax” on extracted minerals from bidding on new gas and oil leases for two years.
The amendment failed 13 to 25 (details)
Passed in the Senate 25 to 13 (details)
To reduce the “severance tax” or royalty paid to the state on oil and gas extracted from state land to 4 percent for hydrocarbons extracted using “enhanced recovery” technology, which injects carbon dioxide into wells to force out more product (this is different from hydraulic fracturing). The current tax ranges from 5.0 to 6.6 percent.
Passed in the House 82 to 28 (details)
To concur with the Senate-passed version of the bill.
