Sales tax exemption-oil & gas well. 06LSO-0090.C1
FISCAL NOTE
The fiscal impact, in the form of a decrease in sales tax revenue, is indeterminable.
The Department of
Revenue has no information on the cost of deepening wells. The cost would be dependent on the extent of
the operation. We cannot determine a
good estimate of the fiscal impact.
Prepared by: Dan Noble, Dept. of Revenue Phone: 777-5220