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