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Relating to calculation of daily production for purposes of the oil
and gas production tax credits for low-producing wells and leases.
According to the Legislative Budget Board, no fiscal implication to the State is anticipated.
SB 925 would provide that to qualify for tax credits as a low-producing well, the greater of the monthly production volume reported to the Railroad Commission or the monthly production volume reported to the comptroller be used.
Texas Action is neutral on SB 925 because it does not affect our liberty principles. The changes proposed will merely allow the agency to automate what is now a manual review of information, which will increase efficiency.