HB572 Alabama 2010 Session

Summary

Primary Sponsor

Mike Hill

Republican

Session

Regular Session 2010

Title

Oil and gas, severance tax, local governmental entities prohibited from levying tax on oil or gas severed on which state severance taxes have been paid, Sec. 40-20-2 am'd.

Description

Currently, counties, cities, towns, and municipalities receiving a share of state revenues of the tax levied on severed oil and gas are prohibited from levying a broad range of local taxes related to oil and gas production.

The bill would limit the prohibition on local taxation and clarify that local governmental entities would be prohibited from levying any tax on oil and gas severed and on which severance taxes have been paid to the state.

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Subjects

Oil and Gas