Bill: HB 3471, 85(R) - 2017
Committee
House Ways & Means
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| Yes |
Neutral |
Neutral |
Neutral |
Positive |
Neutral |
Author(s)
Yvonne Davis
Bill Caption
Relating to a sales tax refund for sales tax overpayments by certain oil or gas severance taxpayers.
Fiscal Notes
No significant fiscal implication to the State is anticipated.
Bill Analysis
Under current law, individuals who hold a permit under the Limited Sales, Excise, and Use Tax Act (such as a sales tax permit) can obtain reimbursement for overpayment. HB 3471 would extend this ability to certain oil and gas severance taxpayers. It is the express purpose of this legislation is to treat taxpayers equally with regard to sales tax refund claims filed by oil and gas operators.
Vote Recommendation Notes
This bill supports the principle of limited government by ensuring the equal application of the law with respect to tax refund eligibility. For this reason, we support HB 3471.
Organizations Supporting
BP
Chevron
Occidental Petroleum
Texas Alliance of Energy Producers
Texas Independent Producers and Royalty Owners Association
