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TX SB1111
Bill
Status
2/5/2025
Primary Sponsor
Sarah Eckhardt
Click for details
AI Summary
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Requires the Texas Comptroller to include severance taxes (under Subtitle I, Title 2, Tax Code) in the biennial report to the legislature and governor analyzing the effects of tax exemptions, discounts, exclusions, and special provisions
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Severance taxes cover taxes on the extraction of natural resources such as oil, gas, and other minerals
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The report already covers sales/excise/use taxes, franchise taxes, school district property taxes, motor vehicle taxes, and any tax generating more than 5% of state revenue
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Takes effect immediately with a two-thirds vote of both chambers, otherwise takes effect September 1, 2025
Legislative Description
Relating to the inclusion of certain taxes in the comptroller's report on the effect of certain tax provisions.
Taxation
Last Action
Referred to Finance
2/24/2025