Bill Text | History of Actions | Background | Title |
Description: Severance tax; tax certain occluded natural gas recovered from coal seams at a reduced rate.
Bill Text: [Introduced] [Passed Senate]
| 1 | 03/02 (S) Referred To Finance | |
| 2 | 03/23 (S) Title Suff Do Pass | |
| 3 | 03/25 (S) Passed | |
| 4 | 03/26 (S) Transmitted To House | |
| 5 | 03/29 (H) Referred To Oil, Gas and Other Minerals;Ways and Means | |
| 6 | 04/20 (H) Died In Committee |
| Effective date | July 1, 2004 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
House Committees:
Principal Author: Dearing
Additional Author: Pickering
Code Section: A 027-0025-0703
Title: AN ACT TO AMEND SECTION 27-25-703, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT ANY WELL WHICH BEGINS COMMERCIAL PRODUCTION OF OCCLUDED NATURAL GAS FROM COAL SEAMS ON OR AFTER JULY 1, 2004, AND BEFORE JULY 1, 2007, SHALL BE TAXED AT THE RATE OF 3% OF THE GROSS VALUE OF THE OCCLUDED NATURAL GAS FROM COAL SEAMS AT THE POINT OF PRODUCTION FOR A PERIOD OF 5 YEARS BEGINNING ON THE DATE OF THE FIRST SALE OF PRODUCTION FROM SUCH WELL; AND FOR RELATED PURPOSES.
End Of Document
2004/html/History/SB/SB3063.htm