Bill Text: TX SB255 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the repeal of the temporary tax reduction for certain high-cost gas.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-02-15 - Referred to Finance [SB255 Detail]
Download: Texas-2023-SB255-Introduced.html
88R833 RDS-D | ||
By: Eckhardt | S.B. No. 255 |
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relating to the repeal of the temporary tax reduction for certain | ||
high-cost gas. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 81.117(d), Natural Resources Code, is | ||
amended to read as follows: | ||
(d) The exemptions and reductions set out in Sections | ||
201.053, [ |
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the fee imposed by this section. | ||
SECTION 2. Section 201.057, Tax Code, is repealed. | ||
SECTION 3. (a) Subject to Subsection (b) of this section, | ||
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. | ||
(b) The tax reduction provided by Section 201.057, Tax Code, | ||
as repealed by this Act, does not apply to gas produced on or after | ||
the effective date of this Act, regardless of whether the | ||
comptroller approved a tax reduction under Section 201.057 that | ||
would have applied to the gas on or after the effective date of this | ||
Act had Section 201.057 not been repealed. | ||
SECTION 4. This Act takes effect September 1, 2023. |