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 gross fair market value of natural gas produced; 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

Opposite:

Details

Bill File Type: Regular

Effective Date(s): July 1, 2013

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber Senate Calendar Date 2/07/2013 Legislative Date 2/08/2013 Action First Reading Senate Rules Proceedings
Chamber Senate Calendar Date 2/20/2013 Legislative Date 2/20/2013 Action Rereferred to Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/27/2013 Legislative Date 2/27/2013 Action Hearing 3/15 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/07/2013	2/08/2013	First Reading Senate Rules
Senate	2/20/2013	2/20/2013	Rereferred to Budget and Taxation
Senate	2/27/2013	2/27/2013	Hearing 3/15 at 1:00 p.m.

Documents

Date Posted	Document Name
2/08/2013	Text - First - Natural Gas Severance Tax and Impact Account

File Code

Subjects

Statutes