2018
Regular Session
Gas severance tax; include carbon dioxide within definition of term "gas" and revise certain exemptions.
AN ACT TO AMEND SECTION 27-25-701, MISSISSIPPI CODE OF 1972, TO INCLUDE CARBON DIOXIDE WITHIN THE DEFINITION OF THE TERM "GAS" FOR PURPOSES OF THE GAS SEVERANCE TAX LAWS; TO AMEND SECTION 27-25-703, MISSISSIPPI CODE OF 1972, TO REMOVE THE GAS SEVERANCE TAX EXEMPTION PROVIDED FOR GAS LAWFULLY INJECTED INTO THE EARTH FOR CYCLING, REPRESSURING, LIFTING OR ENHANCING THE RECOVERY OF OIL; TO PROVIDE A GAS SEVERANCE TAX EXEMPTION FOR THE PRODUCTION OF CARBON DIOXIDE THAT IS SOLD OR OTHERWISE USED FOR INDUSTRIAL OR COMMERCIAL PURPOSES IN THIS STATE SUCH AS RAW MATERIALS OR COMPONENTS IN THE MANUFACTURING PROCESS OR OIL PRODUCTION BY USE OF AN ENHANCED OIL RECOVERY METHOD; TO PROVIDE THAT AN AMOUNT EQUAL TO THE GAS SEVERANCE TAX REVENUE DEPOSITED INTO THE STATE GENERAL FUND DURING THE PRECEDING FISCAL YEAR SHALL BE ANNUALLY ALLOCATED AND DISTRIBUTED BY THE DEPARTMENT OF REVENUE TO COUNTIES AND MUNICIPALITIES FOR USE ON THE REPAIR, MAINTENANCE AND RECONSTRUCTION OF ROADS, STREETS AND BRIDGES; AND FOR RELATED PURPOSES.
02/21/18 at 15:14
H
B
968
House Bill 968
HB 968
H
Dead
Revenue
Yes
Three/Fifths
July 1, 2018
Ways and Means
T
../../House_cmtes/WM.xml
Staples
../../House_authors/Staples.xml
A
../../code_sections/027/00250701.xml
A
../../code_sections/027/00250703.xml
1
01/12 (H) Referred To Ways and Means
2
02/21 (H) Died In Committee
../../../../documents/2018/pdf/HB/0900-0999/HB0968IN.pdf
../../../../documents/2018/dt/HB/0900-0999/HB0968IN.pdf
../../../../documents/2018/html/HB/0900-0999/HB0968IN.htm
../../../../documents/2018/pdf/HB/0900-0999/HB0968IN.pdf
../../../../documents/2018/dt/HB/0900-0999/HB0968IN.pdf
../../../../documents/2018/html/HB/0900-0999/HB0968IN.htm
N
../../../../documents/2018/pdf/fiscalnotes/HB0968.pdf