Bill Text: MS HC85 | 2015 | Regular Session | Introduced
Bill Title: Suspend deadline for further consideration on HB 1636; include CO2 within definition of gas and remove certain exemptions on gas severance tax.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2015-04-02 - Died In Committee [HC85 Detail]
Download: Mississippi-2015-HC85-Introduced.html
MISSISSIPPI LEGISLATURE
2015 Regular Session
To: Rules
By: Representative Staples
House Concurrent Resolution 85
A CONCURRENT RESOLUTION SUSPENDING THE DEADLINES FOR THE PURPOSE OF THE FURTHER CONSIDERATION AND PASSAGE OF HOUSE BILL 1636, REGULAR SESSION OF 2015, ENTITLED "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 AMEND SECTION 27-25-503, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A CREDIT AGAINST THE OIL SEVERANCE TAX LEVIED ON THE VALUE OF OIL AT THE POINT OF PRODUCTION ON OIL PRODUCED BY AN ENHANCED OIL RECOVERY METHOD IN WHICH CARBON DIOXIDE IS USED; TO PROVIDE THAT THE AMOUNT OF THE CREDIT SHALL BE THE AMOUNT OF GAS SEVERANCE TAX PAID ON THE CARBON DIOXIDE USED IN THE ENHANCED OIL RECOVERY METHOD TO PRODUCE THE OIL; TO BRING FORWARD SECTION 27-25-501, MISSISSIPPI CODE OF 1972, WHICH DEFINES CERTAIN TERMS UNDER THE OIL SEVERANCE TAX LAWS, FOR PURPOSES OF AMENDMENT; AND FOR RELATED PURPOSES."
BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES OF THE STATE OF MISSISSIPPI, THE SENATE CONCURRING THEREIN, That the Joint Rules of the House and the Senate, including all the deadlines and other provisions imposed by Joint Rule No. 40, are suspended for the purpose of permitting the further consideration and passage of House Bill 1636, Regular Session of 2015, entitled "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 AMEND SECTION 27-25-503, MISSISSIPPI CODE OF 1972, TO AUTHORIZE A CREDIT AGAINST THE OIL SEVERANCE TAX LEVIED ON THE VALUE OF OIL AT THE POINT OF PRODUCTION ON OIL PRODUCED BY AN ENHANCED OIL RECOVERY METHOD IN WHICH CARBON DIOXIDE IS USED; TO PROVIDE THAT THE AMOUNT OF THE CREDIT SHALL BE THE AMOUNT OF GAS SEVERANCE TAX PAID ON THE CARBON DIOXIDE USED IN THE ENHANCED OIL RECOVERY METHOD TO PRODUCE THE OIL; TO BRING FORWARD SECTION 27-25-501, MISSISSIPPI CODE OF 1972, WHICH DEFINES CERTAIN TERMS UNDER THE OIL SEVERANCE TAX LAWS, FOR PURPOSES OF AMENDMENT; AND FOR RELATED PURPOSES."
