HB206 Alabama 2013 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2013
Title
Oil and gas, taxation, depletion allowance altered, limited to federal depletion allowance, Sec. 40-18-35 am'd.
Description
This bill would limit the state depletion allowance for oil and gas to the amount allowed by the federal depletion allowance
To amend Section 40-18-35, Code of Alabama 1975, relating to the taxation of oil and gas, to limit the state depletion allowance for oil and gas to the amount allowed by the federal depletion allowance.
Subjects
Oil and Gas
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 7, 2013 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB206 Alabama 2013 Session - Introduced |