By Brown S.B. No. 988
75R6156 CBH-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to records and reports required from certain producers and
1-3 purchasers of oil.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Sections 202.101 and 202.102, Tax Code, are
1-6 amended to read as follows:
1-7 Sec. 202.101. PRODUCER'S RECORDS. A producer shall keep
1-8 accurate records in the state. The records must show:
1-9 (1) the [counties in which the producer produces oil;]
1-10 [(2) the names of the] leases from which the producer
1-11 produces oil;
1-12 (2) [(3)] the total number of barrels of oil produced
1-13 from each lease;
1-14 (3) [(4)] for each sale or delivery to a first
1-15 purchaser, the name and address of the first purchaser, the number
1-16 of barrels sold or delivered, and the price received for the oil;
1-17 (4) [(5)] the amount and disposition of oil refined,
1-18 processed, or used on the lease where it is produced;
1-19 (5) [(6)] the location and number of barrels in
1-20 storage that the producer owns and has not sold; and
1-21 (6) [(7)] the name and address of each pipeline or
1-22 refinery that is storing oil that the producer has not sold.
1-23 Sec. 202.102. FIRST PURCHASER'S RECORDS. A first purchaser
1-24 shall keep accurate records in the state. The records must show:
2-1 (1) the name and address of each producer from which
2-2 the first purchaser buys oil;
2-3 (2) for each producer, the [counties where the oil is
2-4 produced;]
2-5 [(3) for each producer, the name of the] lease from
2-6 which the oil is produced;
2-7 (3) [(4)] the number of barrels of oil purchased from
2-8 each producer and the price paid each producer for the oil;
2-9 (4) [(5)] the number of barrels purchased and used,
2-10 refined, or processed by the first purchaser; and
2-11 (5) [(6)] for each sale to a subsequent purchaser, the
2-12 name and address of the subsequent purchaser, the number of barrels
2-13 sold, and the price received for the oil.
2-14 SECTION 2. Section 202.201(a), Tax Code, is amended to read
2-15 as follows:
2-16 (a) A producer authorized by the comptroller to remit the
2-17 tax due shall file with the comptroller, on or before the 25th day
2-18 of each calendar month, the report under this subsection and, as
2-19 applicable, the report under Subsection (d) showing the total oil
2-20 produced, used, lost or stolen, or possessed and otherwise
2-21 unaccounted for by the producer during the preceding calendar
2-22 month. The report under this subsection must show:
2-23 (1) the number of barrels of oil produced;
2-24 (2) [the counties in which oil was produced;]
2-25 [(3)] the name, address, and taxpayer identification
2-26 number assigned by the comptroller of each first purchaser of oil
2-27 and for each the amount of oil purchased;
3-1 (3) [(4)] the price, by amounts, received for the oil
3-2 for each first purchaser;
3-3 (4) [(5)] the [name of the] lease from which the oil
3-4 was produced; and
3-5 (5) [(6)] other information the comptroller may
3-6 reasonably require.
3-7 SECTION 3. Section 202.202(a), Tax Code, is amended to read
3-8 as follows:
3-9 (a) On or before the 25th day of each calendar month, each
3-10 first purchaser or his authorized agent shall file a report with
3-11 the comptroller. The report must contain the following information
3-12 concerning oil purchased from a producer during the preceding
3-13 calendar month:
3-14 (1) the number of barrels of oil purchased from each
3-15 producer;
3-16 (2) the price paid each producer for the oil;
3-17 (3) the name and address of each producer;
3-18 (4) the [counties in which the oil was produced;]
3-19 [(5) the names of the] leases from which the oil was
3-20 produced; and
3-21 (5) [(6)] other information the comptroller may
3-22 reasonably require.
3-23 SECTION 4. This Act takes effect September 1, 1997, and
3-24 applies to a report due on or after that date.
3-25 SECTION 5. The importance of this legislation and the
3-26 crowded condition of the calendars in both houses create an
3-27 emergency and an imperative public necessity that the
4-1 constitutional rule requiring bills to be read on three several
4-2 days in each house be suspended, and this rule is hereby suspended.