S.B. 159 Severance Tax Exemption Extension
| Bill Sponsor:  Sen. Van Tassell, Kevin T. | Floor Sponsor:  Rep. Chew, Scott H. |
- Drafting Attorney: Andrea Valenti Arthur
- Fiscal Analyst: Thomas E. Young
- Bill Text
- Introduced
- Enrolled (Currently Displayed)
- Introduced
- Related Documents
- Information
- Last Action: 28 Mar 2016, Governor Signed
- Last Location: Lieutenant Governor's office for filing
- Effective Date: 10 May 2016
- Session Law Chapter: 352
- Similar Bills
Enrolled
Printer FriendlyS.B. 159
1 SEVERANCE TAX EXEMPTION EXTENSION
22016 GENERAL SESSION
3STATE OF UTAH
4Chief Sponsor: Kevin T. Van Tassell
5House Sponsor: Scott H. Chew
6
7 LONG TITLE
8 General Description:
9 This bill modifies the state severance tax on oil and gas.
10 Highlighted Provisions:
11 This bill:
12 ▸ extends for 10 years the exemption from the state severance tax on oil and gas for
13 oil and gas produced from coal-to-liquids technology, oil shale, or oil sands.
14 Money Appropriated in this Bill:
15 None
16 Other Special Clauses:
17 None
18 Utah Code Sections Affected:
19 AMENDS:
20 59-5-120, as enacted by Laws of Utah 2006, Chapter 346
21
22 Be it enacted by the Legislature of the state of Utah:
23 Section 1. Section 59-5-120 is amended to read:
24 59-5-120. Exemption.
25 Beginning on January 1, 2006, and ending on June 30, [2016] 2026, no severance tax
26 required by this chapter is imposed on oil and gas produced, saved, sold, or transported if the
27 oil or gas produced, saved, sold, or transported is derived from:
28 (1) coal-to-liquids technology;
29 (2) oil shale; or
30 (3) [tar] oil sands.
2
3
4
5
6
7 LONG TITLE
8 General Description:
9 This bill modifies the state severance tax on oil and gas.
10 Highlighted Provisions:
11 This bill:
12 ▸ extends for 10 years the exemption from the state severance tax on oil and gas for
13 oil and gas produced from coal-to-liquids technology, oil shale, or oil sands.
14 Money Appropriated in this Bill:
15 None
16 Other Special Clauses:
17 None
18 Utah Code Sections Affected:
19 AMENDS:
20 59-5-120, as enacted by Laws of Utah 2006, Chapter 346
21
22 Be it enacted by the Legislature of the state of Utah:
23 Section 1. Section 59-5-120 is amended to read:
24 59-5-120. Exemption.
25 Beginning on January 1, 2006, and ending on June 30, [
26 required by this chapter is imposed on oil and gas produced, saved, sold, or transported if the
27 oil or gas produced, saved, sold, or transported is derived from:
28 (1) coal-to-liquids technology;
29 (2) oil shale; or
30 (3) [
Bill Status / Votes
• Senate Actions • House Actions • Fiscal Actions • Other Actions
| Date | Action | Location | Vote |
| 2/12/2016 | Bill Numbered but not Distributed | Legislative Research and General Counsel | |
| 2/12/2016 | Numbered Bill Publicly Distributed | Legislative Research and General Counsel | |
| 2/12/2016 | LFA/ bill sent to agencies for fiscal input | Legislative Research and General Counsel | |
| 2/16/2016 | Senate/ received bill from Legislative Research | Waiting for Introduction in the Senate | |
| 2/16/2016 | Senate/ 1st reading (Introduced) | Senate Rules Committee | |
| 2/16/2016 | LFA/ fiscal note sent to sponsor | Senate Rules Committee | |
| 2/17/2016 | LFA/ fiscal note publicly available | Senate Rules Committee | |
| 2/17/2016 | Senate/ to standing committee | Senate Revenue and Taxation Committee | |
| 2/17/2016 | Senate/ received fiscal note from Fiscal Analyst | Senate Revenue and Taxation Committee | |
| 2/19/2016 | Senate Comm - Favorable Recommendation | Senate Revenue and Taxation Committee | 4 1 2 |
| 2/19/2016 (12:44:07 PM) | Senate/ committee report favorable | Senate Revenue and Taxation Committee | |
| 2/19/2016 (12:44:08 PM) | Senate/ placed on 2nd Reading Calendar | Senate 2nd Reading Calendar | |
| 2/29/2016 (3:12:35 PM) | Senate/ 2nd reading | Senate 2nd Reading Calendar | |
| 2/29/2016 (3:16:23 PM) | Senate/ passed 2nd reading | Senate 3rd Reading Calendar | 22 1 6 |
| 3/1/2016 (10:58:18 AM) | Senate/ 3rd reading | Senate 3rd Reading Calendar | |
| 3/1/2016 (11:00:19 AM) | Senate/ passed 3rd reading | Clerk of the House | 24 2 3 |
| 3/1/2016 (11:00:20 AM) | Senate/ to House | Clerk of the House | |
| 3/1/2016 | House/ received from Senate | Clerk of the House | |
| 3/1/2016 | House/ 1st reading (Introduced) | House Rules Committee | |
| 3/2/2016 | House/ to standing committee | House Revenue and Taxation Committee | |
| 3/4/2016 | House Comm - Favorable Recommendation | House Revenue and Taxation Committee | 8 2 3 |
| 3/7/2016 (9:44:29 AM) | House/ committee report favorable | House Revenue and Taxation Committee | |
| 3/7/2016 (9:44:30 AM) | House/ 2nd reading | House 3rd Reading Calendar for Senate bills | |
| 3/8/2016 | House/ 3rd Reading Calendar to Rules | House Rules Committee | |
| 3/10/2016 | House/ Rules to 3rd Reading Calendar | House 3rd Reading Calendar for Senate bills | |
| 3/10/2016 (9:07:20 PM) | House/ 3rd reading | House 3rd Reading Calendar for Senate bills | |
| 3/10/2016 (9:11:01 PM) | House/ passed 3rd reading | House Speaker | 64 9 2 |
| 3/10/2016 (9:11:02 PM) | House/ signed by Speaker/ returned to Senate | Senate President | |
| 3/10/2016 (9:11:03 PM) | House/ to Senate | Senate President | |
| 3/11/2016 | Senate/ received from House | Senate President | |
| 3/11/2016 | Senate/ signed by President/ sent for enrolling | Legislative Research and General Counsel / Enrolling | |
| 3/15/2016 | Bill Received from Senate for Enrolling | Legislative Research and General Counsel / Enrolling | |
| 3/15/2016 | Draft of Enrolled Bill Prepared | Legislative Research and General Counsel / Enrolling | |
| 3/16/2016 | Enrolled Bill Returned to House or Senate | Senate Secretary | |
| 3/16/2016 | Senate/ enrolled bill to Printing | Senate Secretary | |
| 3/17/2016 | Senate/ received enrolled bill from Printing | Senate Secretary | |
| 3/17/2016 | Senate/ to Governor | Executive Branch - Governor | |
| 3/28/2016 | Governor Signed | Lieutenant Governor's office for filing |
Committee Hearings/Floor Debate
- Committee Hearings