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