H.B. No. 0087 |
Natural gas valuation. |
Sponsored By: Joint Revenue Interim
Committee
AN ACT relating to taxation and revenue; providing for the
valuation of certain natural gas for taxation purposes; providing definitions;
specifying applicability; and providing for an effective date.
1/6/2003 Bill Number
Assigned
1/14/2003 H Received
for Introduction
1/14/2003 H
Introduced and Referred to H03
1/21/2003 H03
Recommended Do Pass
ROLL CALL
Ayes: Representative(s) Anderson, R., Bucholz,
Childers, Cohee, Johnson, L., Lockhart, Meyer, Thompson and Wostenberg
Ayes 9 Nays 0 Excused 0 Absent 0
Conflicts 0
1/21/2003 H Placed on
General File
1/22/2003 H Passed
CoW
1/23/2003 H
Amendments Considered
HB0087H2001/F FAILED
Page 6-line 16 After
"maintenance;" insert "depreciation, depletion and
amortization of wells and well equipment".
Page 6-line 24 Delete
"depreciation,".
Page 7-line 1 Delete
the line through "equipment;". JOHNSON, L.
1/23/2003 H Passed
2nd Reading
1/24/2003 H Passed
3rd Reading
ROLL CALL
Ayes: Representative(s) Alden, Anderson, R.,
Bagby, Baker, Berger, Boswell, Brechtel, Buchanan, Bucholz, Childers, Cohee,
Cooper, Diercks, Edwards, Gentile, Gilmore, Hageman, Harshman, Harvey,
Hinckley, Iekel, Illoway, Jansen, Johnson, L., Johnson, W., Jones, Jorgensen,
Landon, Latta, Law, Lockhart, Luthi, Martin, McMurtrey, McOmie, Meuli, Meyer,
Miller, D., Morgan, Nicholas, Olsen, Osborn, Parady, Petersen, Philp, Powers,
Prosser, Reese, Robinson, Ross, Semlek, Simpson, Slater, Thompson, Tipton,
Walsh, Warren, Wasserburger and Wostenberg.
Excused: Representative(s) Esquibel
Ayes 59 Nays 0 Excused 1 Absent 0
Conflicts 0
1/27/2003 S Received
for Introduction
2/3/2003 S
Introduced and Referred to S03
2/26/2003 S03
Recommended Amend and Do Pass
ROLL CALL
Ayes: Senator(s) Anderson, J., Erb, Mockler and
Peck
Nays: Senator(s) Job
Ayes 4 Nays 1 Excused 0 Absent 0
Conflicts 0
2/26/2003 S Placed on
General File
2/27/2003 S
Amendments Considered
HB0087SS001/A ADOPTED
Page 1-line 3 After
"applicability;" insert "requiring application and a
report;".
Page 2-line 2 After
"a facility" insert "with a gross capital investment
of ten million dollars ($10,000,000.00) or more".
Page 2-line 6 After
"stream" insert "of natural gas produced at a wellhead
pressure of greater than ten (10) pounds per square inch".
Page 5-line 11 After
"gas" insert "produced at a wellhead pressure of
greater than ten (10) pounds per square inch".
Page 9-after
line 2 Insert
and renumber:
"Section 4.
(a) Effective January 1, 2003, the department
shall apply the netback valuation methodology to any producer otherwise
qualifying for that method as provided by this act. The methodology shall be applied for three (3) consecutive years.
(b) The department shall report to the governor
and the joint revenue interim committee on the application of the methodology
on or before September 1, 2005.".
Page 9-line 4 Delete
"4" insert "5". PECK, CHAIRMAN
HB0087SW002/A ADOPTED
Page 1-line 9 Delete
"(ii),".
Page 1-line 10 After
"(C)" delete balance of line and insert "and by creating a new
subparagraph (E)".
Page 1-lines 11 and
12 Delete.
Page 1-line 13 Delete
"(xii)".
Page 2-line 2 Delete
the Senate Standing Committee Amendment (HB0087SS001/AE) to this line and
further amend as follows: After "(xxxiii)"
insert "For the purposes of W.S. 39-14-203(b)(vi)(E),".
Page 2-line 6 Delete
the Senate Standing Committee Amendment (HB0087SS001/AE) and the Erb Committee
of the Whole Amendment (HB0087SW001/AE) to this line.
Page 2-line 11 After
"(xxxiv)" insert "For the purposes of W.S.
39-14-203(b)(vi)(E),".
Page 2-line 17 After
"(xxxv)" insert "For the purposes of W.S.
39-14-203(b)(vi)(E),".
Page 3-line 1 After
"(xxxvi)" insert "For the purposes of W.S.
39-14-203(b)(vi)(E),".
Page 3-line 16 After
"(xxxvii)" insert "For the purposes of W.S.
39-14-203(b)(vi)(E),".
Page 4-lines 1
through 7 Delete.
Page 4-lines 9
through 24 Delete all
new language.
Page 5-line 4 After
"value" insert "of crude oil, lease condensate or natural gas
which is processed in a processing facility not owned in part or in total by
the producer".
Page 5-line 11 Delete
the Senate Standing Committee Amendment (HB0087SS001/AE) and the Erb Committee of the Whole Amendment
(HB0087SW001/AE) to this line and further amend as follows: Delete "(vii)" insert
"(E) Netback –
Producer/processor:".
Page 5-line 16 Delete
"(A)" insert "(I)".
Page 5-line 22 Delete
"(B)" insert "(II)".
Page 6-line 4 Delete
"(C)" insert "(III)".
Page 6-line 18 Delete
"subparagraph" insert "subdivision".
Page 7-lines 4
through 23 Delete.
Page 8-lines 1
through 19 Delete. MOCKLER
2/27/2003 S Passed
CoW
2/28/2003 S Passed
2nd Reading
3/1/2003 S
Amendments Considered
HB0087S3001/A ADOPTED
Page 4-line 9 After
"(vi)" insert "Except as otherwise provided in subparagraph
(E) of this paragraph and paragraph (vii) of this subsection,". MOCKLER
HB0087S3002/F FAILED
Page 2-line 6 After
"." insert "Compression and dehydration activities
alone do not constitute processing.".
SCHIFFER
3/1/2003 S Passed
3rd Reading
ROLL CALL
Ayes: Senator(s) Anderson, J., Barrasso, Barton,
Boggs, Caller, Coe, Decaria, Devin, Erb, Geis, Goodenough, Hanes, Hawks, Hines,
Kunz, Larson, Mockler, Northrup, Peck, Roberts, Scott, Sessions and Vasey.
Nays: Senator(s) Burns, Case, Cathcart, Job,
Massie, Meier and Schiffer.
Ayes 23 Nays 7 Excused 0 Absent 0
Conflicts 0
3/3/2003 H Did
Concur
ROLL CALL
Ayes: Representative(s) Alden, Anderson, R.,
Baker, Berger, Buchanan, Bucholz, Childers, Cohee, Cooper, Edwards, Hageman,
Harshman, Harvey, Iekel, Illoway, Jansen, Jones, Landon, Latta, Law, Lockhart,
Luthi, McMurtrey, McOmie, Miller, D., Nicholas, Olsen, Osborn, Parady, Prosser,
Semlek, Simpson, Slater, Tipton, Walsh and Wostenberg.
Nays: Representative(s) Bagby, Boswell, Brechtel,
Diercks, Esquibel, Gentile, Gilmore, Hinckley, Johnson, L., Johnson, W.,
Jorgensen, Martin, Meuli, Meyer, Morgan, Petersen, Philp, Powers, Reese,
Robinson, Ross, Thompson, Warren and Wasserburger.
Ayes 36 Nays 24 Excused 0 Absent 0
Conflicts 0
3/3/2003 Assigned
Number HEA 0084
3/3/2003 H Speaker
Signed HEA No. 0084
3/3/2003 S President
Signed HEA No. 0084
3/5/2003 Governor
Vetoed HEA No. 0084