Bill No.: HB0060 Drafter: MQ

LSO No.: 11LSO-0220 Effective Date: 2/15/2011

Enrolled Act No.: HEA0004

Chapter No.: CH0004

Prime Sponsor: Joint Revenue Interim Committee

Catch Title: Taxation of oil and gas field services.

Subject: Imposes sales tax on tangible personal property used in rendering services within an oil or gas well site.

Summary/Major Elements:

· Current law imposes sales tax on all services rendered within an oil or gas well site.

· This bill imposes sales tax on the tangible personal property used in rendering those services within an oil or gas well site.