Bill Text: TX HB55 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the exemption or tax reduction for certain high-cost gas.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2013-02-04 - Referred to Ways & Means [HB55 Detail]
Download: Texas-2013-HB55-Introduced.html
| By: Burnam | H.B. No. 55 | |
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| relating to the exemption or tax reduction for certain high-cost | ||
| gas. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 201.057(f), Tax Code, is amended to read | ||
| as follows: | ||
| (f) To qualify for the exemption or tax reduction provided | ||
| by this section, the person responsible for paying the tax must | ||
| apply to the comptroller. Notwithstanding any other provision of | ||
| this section, the application must be filed with the comptroller | ||
| before September 1, 2013. The application must contain the | ||
| certification of the commission that the well produces high-cost | ||
| gas and, if the application is for a well spudded or completed after | ||
| September 1, 1995, must contain a report of drilling and completion | ||
| costs incurred for each well on a form and in the detail as | ||
| determined by the comptroller. Drilling and completion costs for a | ||
| recompletion shall only include current and contemporaneous costs | ||
| associated with the recompletion. Notwithstanding any other | ||
| provision of this section, to obtain the maximum tax exemption or | ||
| tax deduction, an application to the comptroller for certification | ||
| according to Subsection (a)(2)(A) must be filed with the | ||
| comptroller before September 1, 2013, and at the later of the 180th | ||
| day after the date of first production or the 45th day after the | ||
| date of approval by the commission. If the application is not filed | ||
| by the applicable deadline to obtain the maximum tax exemption or | ||
| tax deduction but is filed before September 1, 2013 | ||
| , the tax | ||
| exemption or tax deduction is reduced by 10 percent for the period | ||
| beginning on the 180th day after the first day of production and | ||
| ending on the date on which the application is filed with the | ||
| comptroller. An application to the comptroller for certification | ||
| according to Subsection (a)(2)(B) may not be filed before January | ||
| 1, 1990, or after December 31, 1998. The comptroller shall approve | ||
| the application of a person who demonstrates that the gas is | ||
| eligible for the exemption or tax reduction. The comptroller may | ||
| require a person applying for the exemption or tax reduction to | ||
| provide any relevant information in the person's monthly report | ||
| that the comptroller considers necessary to administer this | ||
| section. The commission shall notify the comptroller in writing | ||
| immediately if it determines that an oil or gas well previously | ||
| certified as producing high-cost gas does not produce high-cost gas | ||
| or if it takes any action or discovers any information that affects | ||
| the eligibility of gas for an exemption or tax reduction under this | ||
| section. | ||
| SECTION 2. 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 3. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2013. | ||
