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Summary: HB 1475 would allow a business performing landman services to exclude from their revenues, for purposes of calculating their franchise tax liability, subcontracting payments made to non-employees to perform landman services on the business’ behalf. Landman services include determining ownership of certain resources, negotiating the acquisition or divestiture of mineral rights, and negotiating contracts related to mineral exploration, development and production.
Analysis: HB 1475 would limit government by reducing the amount of revenue it can take from businesses performing landman services, and it would promote the property rights of these businesses by allowing them to retain more of their resources. We support HB 1475.