IL HB5748 | 2017-2018 | 100th General Assembly

Status

Completed Legislative Action
Spectrum: Moderate Partisan Bill (Republican 7-1)
Status: Failed on January 8 2019 - 100% progression
Action: 2019-01-08 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Illinois Hydraulic Fracturing Tax Act. Provides that the tax rate for the severance and production of oil or gas shall be 1.5% (rather than 3%) of the value of the oil or gas. Provides that for oil the tax shall be: (i) 1.5% of the value of the oil (rather than 3%) where the average daily production from the well in a month is less than 25 barrels; (ii) 2% of the value of the oil (rather than 4%) where the average daily production from the well in a month is between 25 barrels and 50 barrels; (iii) 2.5% of the value of the oil (rather than 5%) where the average daily production from the well in a month is between 50 barrels and 100 barrels; and (iv) 3% of the value of the oil (rather than 6%) where the average daily production from the well in a month is 100 barrels or more. Provides that for gas the tax shall be 3% (rather than 6%) of the value of the gas. Amends the Hydraulic Fracturing Regulatory Act. Deletes language stating that every applicant for a high volume horizontal hydraulic fracturing permit shall include a traffic management plan on his or her application.

Tracking Information

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Title

HYDRAULIC FRAC-TAX&APPLICATION

Sponsors


History

DateChamberAction
2019-01-08HouseSession Sine Die
2018-04-13HouseRule 19(a) / Re-referred to Rules Committee
2018-04-12HouseTo Sales and Other Taxes Subcommittee
2018-03-29HouseAdded Co-Sponsor Rep. Dave Severin
2018-03-29HouseAdded Co-Sponsor Rep. David B. Reis
2018-03-29HouseAdded Co-Sponsor Rep. Charles Meier
2018-03-29HouseAdded Co-Sponsor Rep. John Cavaletto
2018-03-29HouseAdded Co-Sponsor Rep. Terri Bryant
2018-03-21HouseAssigned to Revenue & Finance Committee
2018-03-08HouseChief Co-Sponsor Changed to Rep. Brad Halbrook
2018-03-08HouseAdded Chief Co-Sponsor Rep. Brad Halbrook
2018-03-08HouseAdded Co-Sponsor Rep. Allen Skillicorn
2018-02-16HouseReferred to Rules Committee
2018-02-16HouseFirst Reading
2018-02-16HouseFiled with the Clerk by Rep. Jerry Costello, II

Code Citations

ChapterArticleSectionCitation TypeStatute Text
2257321-35Amended CodeCitation Text
354502-15Amended CodeCitation Text

Illinois State Sources


Bill Comments

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