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Legislative Year: 2024 Change
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Bill Detail: HB24-1367

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Title Repeal Severance Tax Exemption for Stripper Wells
Status House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed (05/14/2024)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors C. Kipp (D)
Senate Sponsors F. Winter (D)
House Committee Energy and Environment
Senate Committee
Date Introduced 03/11/2024
Summary

Oil produced from wells that on average produce 15 barrels per
day or less of oil and gas produced from wells that on average produce
90,000 cubic feet or less per day of gas are commonly referred to as
stripper wells and are currently exempt from the state severance tax.
Section 2 of the bill repeals the stripper well severance tax
exemption beginning in 2025 and removes outdated language applicable
only to taxable years prior to 2000.
Sections 3 and 4 make conforming amendments.

Committee Reports
with Amendments
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Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (03/20/2024) (most recent)  
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