OH HB8 | 2015-2016 | 131st General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Engrossed on March 18 2015 - 50% progression, died in committee
Action: 2015-03-25 - Refer to Committee: Energy and Natural Resources
Pending: Senate Energy and Natural Resources Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on March 18 2015 - 50% progression, died in committee
Action: 2015-03-25 - Refer to Committee: Energy and Natural Resources
Pending: Senate Energy and Natural Resources Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
To amend sections 1509.28 and 5713.051 of the Revised Code to revise provisions in the Oil and Gas Law governing unit operation, including requiring unit operation of land for which the Department of Transportation owns the mineral rights, and to specify that the discounted cash flow formula used to value certain producing oil and gas reserves for property tax purposes is the only method for valuing all oil and gas reserves.
Title
Regulates oil and gas operation and valuation
Sponsors
Roll Calls
2015-03-18 - House - House Passed (Y: 98 N: 0 NV: 0 Abs: 0) [PASS]
2015-03-17 - House - House Favorable Passage (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
2015-03-17 - House - House Favorable Passage (Y: 13 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2015-03-25 | Senate | Refer to Committee: Energy and Natural Resources |
| 2015-03-19 | Senate | Introduced |
| 2015-03-18 | House | Reported - Substitute: Energy and Natural Resources |
| 2015-03-18 | House | Passed |
| 2015-02-10 | House | To committee: Energy and Natural Resources |
| 2015-01-28 | House | Introduced |
Subjects
Environment and Natural Resources
Environment and Natural Resources : Oil and Gas
State and Local Government : Local Government
State and Local Government : State Government
Taxation
Environment and Natural Resources : Oil and Gas
State and Local Government : Local Government
State and Local Government : State Government
Taxation
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 15 | Amended Code | Citation Text | ||
| 15 | 09 | Amended Code | Citation Text | |
| 15 | 09 | 28 | Amended Code | Citation Text |
| 57 | Amended Code | Citation Text | ||
| 57 | 13 | Amended Code | Citation Text | |
| 57 | 13 | 051 | Amended Code | Citation Text |
