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MS HB1606

Bill

Official Source

Status

Failed

2/26/2014

Primary Sponsor

Angela Cockerham

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Amends Section 27-65-21 of Mississippi Code to include compensation for hydraulic fracturing services in the total contract price subject to the 3.5% contractor's tax for oil and gas well drilling.

  • Defines "hydraulic fracturing" as the pressurized injection of fluid to fracture subterranean rock in order to enhance oil and gas extraction or production.

  • Applies the tax to amounts received as compensation for performing hydraulic fracturing services on oil and gas wells, whether productive or nonproductive.

  • Takes effect July 1, 2014.

Legislative Description

Contractor's tax; reduce for drilling oil and gas well utilizing hydraulic fracturing.

Last Action

Died In Committee

2/26/2014

Committee Referrals

Ways and Means2/25/2014

Full Bill Text

No bill text available