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2016 SESSION
SB 563 RS&UT; exemption for materials & equipment used to drill natural gas & oil, sunset provision.
Introduced by: Thomas K. Norment, Jr. | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Sales and use tax exemption; materials and equipment used to drill natural gas and oil. Extends the sunset from July 1, 2016, to July 1, 2022, for the sales and use tax exemption for machinery and tools, materials, and supplies used to drill, extract, or process natural gas or oil.
SUMMARY AS INTRODUCED:
Sales and use tax exemption; materials and equipment used to drill natural gas and oil. Extends the sunset from July 1, 2016, to July 1, 2021, for the sales and use tax exemption for machinery and tools, materials, and supplies used to drill, extract, or process natural gas or oil.