Gas wells and related improvements; may be assessed on an annual basis in Buchanan County. (SB1507)

Introduced By

Sen. Phil Puckett (D-Tazewell)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Taxation of gases; Buchanan County. Provides that gas wells and related improvements may be assessed on an annual basis in Buchanan County subject to the approval of the Board of Supervisors, but requires that gas wells and related improvements be reassessed in the general reassessment of property in the county. The bill also provides that beginning July 1, 2009, the local license tax on gases severed in Buchanan County would be measured by the actual purchase price paid for the gas at the time of the first arms-length sale less a deduction of $0.40 for each 1,000 cubic feet (MCF) of gas included in the arms-length sale. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/23/2009Presented and ordered printed 092884300
01/23/2009Referred to Committee on Finance
01/25/2009Impact statement from TAX (SB1507)
02/05/2009Reported from Finance with substitute (16-Y 0-N) (see vote tally)
02/05/2009Committee substitute printed 092918300-S1
02/09/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/10/2009Impact statement from TAX (SB1507S1)
02/10/2009Read second time
02/10/2009Reading of substitute waived
02/10/2009Committee substitute agreed to 092918300-S1
02/10/2009Engrossed by Senate - committee substitute SB1507S1
02/10/2009Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/10/2009Passed Senate (40-Y 0-N) (see vote tally)
02/13/2009Placed on Calendar
02/13/2009Read first time
02/13/2009Referred to Committee on Finance
02/16/2009Reported from Finance (22-Y 0-N) (see vote tally)
02/17/2009Read second time
02/18/2009Read third time
02/18/2009Passed House BLOCK VOTE (98-Y 0-N)
02/18/2009VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/23/2009Enrolled
02/23/2009Bill text as passed Senate and House (SB1507ER)
02/23/2009Impact statement from TAX (SB1507ER)
02/24/2009Signed by Speaker
02/25/2009Signed by President
03/30/2009G Approved by Governor-Chapter 770 (effective 7/1/09)
03/30/2009G Acts of Assembly Chapter text (CHAP0770)

Map

This bill mentions Buchanan.