Bill Text: TX HB3275 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to the repeal of the exemption from the severance tax for flared or vented gas.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-03-13 - Referred to Ways & Means [HB3275 Detail]
Download: Texas-2019-HB3275-Introduced.html
86R4882 BEF-D | ||
By: González of Dallas | H.B. No. 3275 |
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relating to the repeal of the exemption from the severance tax for | ||
flared or vented gas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 201.052(a), Tax Code, is amended to read | ||
as follows: | ||
(a) The tax imposed by this chapter is at the rate of 7.5 | ||
percent of the market value of gas produced [ |
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state by the producer. | ||
SECTION 2. Section 201.053, Tax Code, is amended to read as | ||
follows: | ||
Sec. 201.053. GAS NOT TAXED. The tax imposed by this | ||
chapter does not apply to gas: | ||
(1) injected into the earth in this state, unless sold | ||
for that purpose; | ||
(2) [ |
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[ |
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purpose; or | ||
(3) [ |
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qualifies under Section 202.056 or 202.060. | ||
SECTION 3. Section 201.059(a)(3), Tax Code, is amended to | ||
read as follows: | ||
(3) "Qualifying low-producing well" means a gas well | ||
whose production during a three-month period is no more than 90 mcf | ||
per day[ |
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well per day is determined by computing the average daily | ||
production from the well using the monthly well production report | ||
made to the commission. | ||
SECTION 4. Sections 201.059(c), (d), and (e), Tax Code, are | ||
amended to read as follows: | ||
(c) An operator of a qualifying low-producing well is | ||
entitled to a 25 percent credit on the tax otherwise due on gas | ||
produced [ |
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taxable price of gas certified by the comptroller under Subsection | ||
(b) for the previous three-month period is more than $3 per mcf but | ||
not more than $3.50 per mcf. | ||
(d) An operator of a qualifying low-producing well is | ||
entitled to a 50 percent credit on the tax otherwise due on gas | ||
produced [ |
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taxable price of gas certified by the comptroller under Subsection | ||
(b) for the previous three-month period is more than $2.50 per mcf | ||
but not more than $3 per mcf. | ||
(e) An operator of a qualifying low-producing well is | ||
entitled to a 100 percent credit on the tax otherwise due on gas | ||
produced [ |
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taxable price of gas certified by the comptroller under Subsection | ||
(b) for the previous three-month period is not more than $2.50 per | ||
mcf. | ||
SECTION 5. Section 201.201, Tax Code, is amended to read as | ||
follows: | ||
Sec. 201.201. TAX DUE. The tax imposed by this chapter for | ||
gas produced [ |
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Austin on the 20th day of the second month following the month of | ||
production. | ||
SECTION 6. The change in law made by this Act does not | ||
affect tax liability accruing before the effective date of this | ||
Act. That liability continues in effect as if this Act had not been | ||
enacted, and the former law is continued in effect for the | ||
collection of taxes due and for civil and criminal enforcement of | ||
the liability for those taxes. | ||
SECTION 7. This Act takes effect September 1, 2019. |