Legislation

Imposing a tax on the production of natural gas from specified wells in the State; setting the rate of the tax at 2.5% of the gross fair market value of natural gas produced at the wellhead; providing for the administration of the tax by the Comptroller; providing for the distribution of revenue from the tax; establishing the Natural Gas Impact Account as a special, nonlapsing fund in the Oil and Gas Fund; requiring the Department of the Environment to administer the Account; specifying the contents of the Account; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Introduced in a prior session as: SB0879 Session: 2013 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2014

History

Legislation History
Chamber Senate Calendar Date 1/28/2014 Legislative Date 1/29/2014 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/05/2014 Legislative Date 2/05/2014 Action Hearing 2/19 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/28/2014	1/29/2014	First Reading Budget and Taxation
Senate	2/05/2014	2/05/2014	Hearing 2/19 at 1:00 p.m.

Documents

Date Posted	Document Name
1/29/2014	Text - First - Natural Gas Severance Tax and Impact Account

File Code

Subjects

Statutes