MS HB1722

Includes carbon dioxide within the definition of "gas" subject to Mississippi's gas severance tax laws effective July 1, 2017.

Removes the existing exemption for gas injected into the earth for cycling, repressuring, lifting, or enhancing oil recovery.

Provides a new exemption from gas severance tax for carbon dioxide sold or used for industrial or commercial purposes in Mississippi, including as raw materials in manufacturing or enhanced oil recovery methods.

Allocates gas severance tax revenue from carbon dioxide production to counties and municipalities for road, street, and bridge repair, maintenance, and reconstruction, distributed semi-annually (January 31 and June 30).

Counties receive two-thirds of allocations distributed equally, by rural road miles, and by rural population; municipalities receive one-third based on their prior-year sales tax revenue distribution.