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MS SB2858
Bill
AI Summary
- Expands Mississippi's gas severance tax definition to include carbon dioxide extracted from below the surface, which was previously explicitly excluded from the definition of "gas"
- Applies the standard 6% severance tax rate to carbon dioxide production, with the same reduced rates available for horizontally drilled wells (1.3% for 30 months or until payout)
- Removes carbon dioxide from separate treatment in ad valorem tax exemption provisions, consolidating it under the general "gas" category
- Maintains existing ad valorem tax exemptions for gas production equipment and producing properties while continuing to tax drilling equipment, gathering systems, and surface land values
- Takes effect July 1, 2026
Legislative Description
Gas severance tax; include carbon dioxide within definition of "gas."
Last Action
Died In Committee
2/25/2026
Committee Referrals
Finance1/19/2026
Full Bill Text
No bill text available