Gas severance taxes, local; validation of coal & gas severance tax & road improvement tax ordinance. (HB1771)

Introduced By

Del. Terry Kilgore (R-Gate City)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Local gas severance taxes. Establishes fair market value for purposes of the local gas severance taxes by defining fair market value as the gross receipts from the first sale of gas to a nonrelated party less reasonable, actual expenses including the costs of moving and processing the gas, depreciation, compression, marketing, overhead, maintenance, processing, transportation, property taxes, and return on investment. The bill moves the local gas severance taxes out of Chapter 37 of Title 58.1, which sets forth local license tax laws.

The one percent local gas severance taxes would be applied to the fair market value of the gas at the time it is produced at the wellhead within the county or city. Read the Bill »


Bill Has Passed


01/08/2013Prefiled and ordered printed; offered 01/09/13 13102026D
01/08/2013Referred to Committee on Finance
01/14/2013Assigned Finance sub: #1
01/22/2013Impact statement from TAX (HB1771)
01/28/2013Subcommittee recommends reporting with amendment(s) (9-Y 0-N)
01/30/2013Reported from Finance with substitute (22-Y 0-N) (see vote tally)
01/30/2013Committee substitute printed 13104613D-H1
02/01/2013Read first time
02/04/2013Read second time
02/04/2013Committee substitute agreed to 13104613D-H1
02/04/2013Engrossed by House - committee substitute HB1771H1
02/05/2013Read third time and passed House BLOCK VOTE (100-Y 0-N)
02/05/2013VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/05/2013Impact statement from TAX (HB1771H1)
02/06/2013Constitutional reading dispensed
02/06/2013Referred to Committee on Finance
02/08/2013Constitutional reading dispensed
02/08/2013Referred to Committee on Finance
02/12/2013Reported from Finance (15-Y 0-N) (see vote tally)
02/13/2013Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/14/2013Read third time
02/14/2013Passed Senate (40-Y 0-N) (see vote tally)
02/20/2013Bill text as passed House and Senate (HB1771ER)
02/20/2013Signed by Speaker
02/20/2013Signed by President
02/21/2013Impact statement from TAX (HB1771ER)
03/12/2013G Approved by Governor-Chapter 208 (effective 7/1/13)
03/12/2013G Acts of Assembly Chapter text (CHAP0208)


This bill mentions Buchanan.