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: SB0535 Session: 2014 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2015

History

Legislation History
Chamber Senate Calendar Date 2/10/2015 Legislative Date 2/11/2015 Action First Reading Senate Rules Proceedings
Chamber Senate Calendar Date 2/17/2015 Legislative Date 2/18/2015 Action Rereferred to Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/18/2015 Legislative Date 2/18/2015 Action Hearing 3/10 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/25/2015 Legislative Date 2/25/2015 Action Hearing cancelled Proceedings
Chamber Senate Calendar Date 2/25/2015 Legislative Date 2/25/2015 Action Hearing 3/11 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/10/2015	2/11/2015	First Reading Senate Rules
Senate	2/17/2015	2/18/2015	Rereferred to Budget and Taxation
Senate	2/18/2015	2/18/2015	Hearing 3/10 at 1:00 p.m.
Senate	2/25/2015	2/25/2015	Hearing cancelled
Senate	2/25/2015	2/25/2015	Hearing 3/11 at 1:00 p.m.

Documents

Date Posted	Document Name
2/11/2015	Text - First - Natural Gas Severance Tax and Impact Account

File Code

Subjects

Statutes