June 19, 2009

 House Environmental Resources & Energy Chairman Camille “Bud” George has scheduled HB 1489 for a committee vote next Tuesday, June 23rd. The bill requires a driller to apply for a severance tax registration certificate, requires wellhead meters and establishes a reporting period defined as "a calendar month in which natural gas is severed.” The tax imposed would be 5% of the gross value of units severed at the wellhead during a reporting period, plus 4.7 cents per unit severed. To read the bill, click here. To see the members of the Committee click here.