HB572 Alabama 2010 Session
In Committee
Bill Summary
Sponsors
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
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> To amend Section 40-20-2, Code of Alabama 1975,
relating to taxes imposed on the severance of oil and gas and
prohibitions against the levying of local taxes by counties,
cities, towns, and municipalities upon oil and gas production,
sale, and storage activities; to clarify that counties,
cities, towns, and municipalities receiving a share of the
proceeds of the state oil and gas severance taxes are
prohibited from levying a local tax only on the severance of
oil and gas on which severance taxes have been paid to the
state.
</p>
Subjects
Oil and Gas
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 16, 2010 | Read for the first time and referred to the House of Representatives committee on County and Municipal Government |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB572 Alabama 2010 Session - Introduced |