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MS HC85

Concurrent Resolution

Official Source

Status

Failed

4/2/2015

Primary Sponsor

Gary Staples

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Suspends Joint Rules deadlines, including Joint Rule No. 40, to allow further consideration and passage of House Bill 1636 in the 2015 regular session
  • Amends Mississippi Code Section 27-25-701 to include carbon dioxide within the definition of "gas" for gas severance tax purposes
  • Removes the gas severance tax exemption for gas lawfully injected into the earth for cycling, repressuring, lifting, or enhancing oil recovery
  • Authorizes a credit against oil severance tax for oil produced using enhanced oil recovery methods with carbon dioxide, with the credit amount equal to gas severance tax paid on the carbon dioxide used

Legislative Description

Suspend deadline for further consideration on HB 1636; include CO2 within definition of gas and remove certain exemptions on gas severance tax.

Last Action

Died In Committee

4/2/2015

Committee Referrals

Rules3/4/2015

Full Bill Text

No bill text available