Mississippi Legislature

1999 Regular Session

Senate Bill 2278

[Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]

Instructions Bill Status Menu




History of Actions

Amendments

Background

Title

Description: Severance tax; extend repealer on "new" oil and gas.

History of Actions:

101/07/99(S)Referred To Finance
202/02/99(S)Title Suff Do Pass Comm Sub
302/04/99(S)Committee Substitute Adopted
402/04/99(S)Passed
502/08/99(S)Transmitted To House
602/08/99(H)Referred To Ways and Means
703/02/99(H)Title Suff Do Pass As Amended
803/10/99(H)Amended
903/10/99(H)Passed As Amended
1003/11/99(H)Returned For Concurrence
1103/19/99(S)Decline to Concur/Invite Conf
1203/27/99(S)Conferees Named Bryan,Harden,Tollison
1303/27/99(H)Conferees Named Moak,Rogers,Simpson
1403/28/99(S)Conference Report Filed
1503/28/99(H)Conference Report Filed
1603/29/99(H)Conference Report Adopted
1703/30/99(S)Conference Report Adopted
1804/07/99(S)Enrolled Bill Signed
1904/07/99(H)Enrolled Bill Signed
2004/15/99Approved by Governor

Amendments/Conference Report:

Adopted [H] Amendment No 1

Conference Report

Background Information:

Effective datePassage
DispositionLaw
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo
Chapter number523

Senate Committee:

House Committee:

Principal Author: Dearing

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 TWO-YEAR INACTIVE WELLS; TO PROVIDE THAT CERTAIN PRODUCTION FROM DISCOVERY WELLS SHALL BE TAXED AT A REDUCED RATE; TO EXTEND THE REDUCED RATE OF OIL SEVERANCE TAX ON CERTAIN PRODUCTION FROM DEVELOPMENT WELLS AND REPLACEMENT WELLS; TO PROVIDE THAT THE OWNER OF CERTAIN MARGINAL WELLS MAY RECEIVE A REFUND OF A CERTAIN AMOUNT OF THE SEVERANCE TAXES PAID ON OIL FROM SUCH WELL UNDER CERTAIN CIRCUMSTANCES; TO AMEND SECTION 27-25-703, MISSISSIPPI CODE OF 1972, TO EXTEND THE EXEMPTION FROM GAS SEVERANCE TAX ON CERTAIN PRODUCTION FROM TWO-YEAR INACTIVE WELLS; TO PROVIDE THAT CERTAIN PRODUCTION FROM DISCOVERY WELLS SHALL BE TAXED AT A REDUCED RATE; 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 04/28/99 at 00:00.



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