MS HB1722 | 2017 | Regular Session
Status
Completed Legislative Action
Sponsorship: Bipartisan Bill
Status: Failed on February 22 2017 - 100% progression
Action: 2017-02-22 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Bipartisan Bill
Status: Failed on February 22 2017 - 100% progression
Action: 2017-02-22 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
An Act To Amend Section 27-25-701, Mississippi Code Of 1972, To Include Carbon Dioxide Within The Definition Of The Term "gas" For Purposes Of The Gas Severance Tax Laws; To Amend Section 27-25-703, Mississippi Code Of 1972, To Remove The Gas Severance Tax Exemption Provided For Gas Lawfully Injected Into The Earth For Cycling, Repressuring, Lifting Or Enhancing The Recovery Of Oil; To Provide A Gas Severance Tax Exemption For The Production Of Carbon Dioxide That Is Sold Or Otherwise Used For Industrial Or Commercial Purposes In This State Such As Raw Materials Or Components In The Manufacturing Process Or Oil Production By Use Of An Enhanced Oil Recovery Method; To Provide That An Amount Equal To The Gas Severance Tax Revenue Deposited Into The State General Fund During The Preceding Fiscal Year Shall Be Annually Allocated And Distributed By The Department Of Revenue To Counties And Municipalities For Use On The Repair, Maintenance And Reconstruction Of Roads, Streets And Bridges; And For Related Purposes.
Title
Gas severance tax; include carbon dioxide within definition of term "gas" and revise certain exemptions.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-22 | House | Died In Committee |
| 2017-02-16 | House | Referred To Ways and Means |
Mississippi State Sources
| Type | Source |
|---|---|
| Summary | https://billstatus.ls.state.ms.us/2017/pdf/history/HB/HB1722.xml |
| Text | https://billstatus.ls.state.ms.us/documents/2017/html/HB/1700-1799/HB1722IN.htm |
