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ID H0141

Bill

Official Source

Status

Passed

3/21/2013

Primary Sponsor

Revenue and Taxation Committee

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Adds Section 63-602OO to Idaho Code establishing property tax exemption for wells drilled for production of oil, gas, or hydrocarbon condensate

  • Exemption applies to all such wells without specified limitations or conditions

  • Act takes effect immediately upon passage and approval with retroactive application to January 1, 2013

  • Declared as emergency legislation by the Revenue and Taxation Committee

Legislative Description

Adds to existing law to provide that wells drilled for the production of oil, gas or hydrocarbon condensate are exempt from property taxation.

EXEMPTIONS FROM PROPERTY TAXATION

Last Action

Reported Signed by Governor on March 21, 2013 Session Law Chapter 109 Effective: 01/01/13

3/21/2013

Full Bill Text

No bill text available