Oil & gas valuation methodology-optional procedure.

05LSO-0264.L1

                                                         

FISCAL NOTE

 

 

The non-administrative fiscal impact of this proposed bill is indeterminable because the Department of Revenue does not possess sufficient facts to know what properties would be affected and what alternative methods would be available. 

 

Furthermore, the outcome of pending litigation concerning both the comparable value and proportionate profits methodologies will have a significant impact regarding the Department’s view whether or not existing methods produce a representative fair market value and thus necessitate utilizing an alternative method.

 

 

 

 

 

Prepared by:   Craig Grenvik, Dept. of Revenue  Phone:   777-5237