Mississippi Legislature

1999 Regular Session

House Bill 552

[Introduced] [Passed House]

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History of Actions

Amendments

Background

Title

Description: Oil and gas severance tax; extend exemption and reduced rate of tax on certain production.

History of Actions:

101/06/99(H)Referred To Ways and Means
201/21/99(H)Title Suff Do Pass As Amended
301/25/99(H)Amended
401/25/99(H)Passed As Amended
501/27/99(H)Transmitted To Senate
601/27/99(S)Referred To Finance
703/02/99(S)Died In Committee

Amendments:

Adopted [H] Amendment No 1

Background Information:

Effective dateJanuary 1, 1999
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredYes

House Committee:

Senate Committee:

Principal Author: Ford

Code Sections: A 027-0025-0503, A 027-0025-0703

Title: AN ACT TO AMEND SECTION 27-25-503, MISSISSIPPI CODE OF 1972, TO EXTEND THE EXEMPTION FROM OIL SEVERANCE TAX ON CERTAIN PRODUCTION FROM DISCOVERY WELLS AND PRODUCTION FROM TWO-YEAR INACTIVE WELLS; TO EXTEND THE REDUCED RATE OF OIL SEVERANCE TAX ON CERTAIN PRODUCTION FROM DEVELOPMENT WELLS AND REPLACEMENT WELLS; TO AMEND SECTION 27-25-703, MISSISSIPPI CODE OF 1972, TO EXTEND THE EXEMPTION FROM GAS SEVERANCE TAX ON CERTAIN PRODUCTION FROM DISCOVERY WELLS AND PRODUCTION FROM TWO-YEAR INACTIVE WELLS; TO EXTEND THE REDUCED RATE OF GAS SEVERANCE TAX ON CERTAIN PRODUCTION FROM DEVELOPMENT WELLS AND REPLACEMENT WELLS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 03/02/99 at 17:48.



End Of Document

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