Natural gas-taxation. |
10LSO-0317.L1 |
FISCAL NOTE
Source of revenue increase:
Severance taxes and ad valorem taxes on natural gas production
Assumptions:
It is assumed that modified netback methodology is applicable.
It is assumed that initial dehydration is not considered processing for valuation purposes.
This bill would apply to natural gas produced on or after January 1, 2010. Ad valorem taxes on 2010 gas production would be paid in FY 2012.
Prepared by: Dean Temte, LSO Phone: 777-7881
(Information provided by Craig Grenvik, Dept. of Rev.; 777-5237)