1-1     By:  Brown                                             S.B. No. 988

 1-2           (In the Senate - Filed March 6, 1997; March 10, 1997, read

 1-3     first time and referred to Committee on Natural Resources;

 1-4     April 4, 1997, reported adversely, with favorable Committee

 1-5     Substitute by the following vote:  Yeas 10, Nays 0; April 4, 1997,

 1-6     sent to printer.)

 1-7     COMMITTEE SUBSTITUTE FOR S.B. No. 988                    By:  Brown

 1-8                            A BILL TO BE ENTITLED

 1-9                                   AN ACT

1-10     relating to reports required from certain producers and purchasers

1-11     of oil.

1-12           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

1-13           SECTION 1.  Subsection (a), Section 202.201, Tax Code, is

1-14     amended to read as follows:

1-15           (a)  A producer authorized by the comptroller to remit the

1-16     tax due shall file with the comptroller, on or before the 25th day

1-17     of each calendar month, the report under this subsection and, as

1-18     applicable, the report under Subsection (d) showing the total oil

1-19     produced, used, lost or stolen, or possessed and otherwise

1-20     unaccounted for by the producer during the preceding calendar

1-21     month.  The report under this subsection must show:

1-22                 (1)  the number of barrels of oil produced from each

1-23     lease;

1-24                 (2)  each county [the counties] in which each lease

1-25     from which oil was produced is located;

1-26                 (3)  the name, address, and taxpayer identification

1-27     number assigned by the comptroller of each first purchaser of oil

1-28     and for each the amount of oil purchased from each lease;

1-29                 (4)  the payment [price, by amounts,] received for the

1-30     oil from [for] each first purchaser from each lease from which oil

1-31     was produced;

1-32                 (5)  the name and lease identification number of each

1-33     [the] lease from which the oil was produced; and

1-34                 (6)  other information the comptroller may reasonably

1-35     require.

1-36           SECTION 2.  Subsection (a), Section 202.202, Tax Code, is

1-37     amended to read as follows:

1-38           (a)  On or before the 25th day of each calendar month, each

1-39     first purchaser or his authorized agent shall file a report with

1-40     the comptroller.  The report must contain the following information

1-41     concerning oil purchased from a producer during the preceding

1-42     calendar month:

1-43                 (1)  the number of barrels of oil purchased from each

1-44     lease for each producer;

1-45                 (2)  the amount [price] paid to each producer for each

1-46     lease from which [the] oil was purchased;

1-47                 (3)  the name and address of each producer;

1-48                 (4)  each county [the counties] in which each lease

1-49     from which the purchased oil was produced is located;

1-50                 (5)  the name and lease identification number of each

1-51     lease [names of the leases] from which the purchased oil was

1-52     produced; and

1-53                 (6)  other information the comptroller may reasonably

1-54     require.

1-55           SECTION 3.  This Act takes effect September 1, 1997, and

1-56     applies to a report due on or after that date.

1-57           SECTION 4.  The importance of this legislation and the

1-58     crowded condition of the calendars in both houses create an

1-59     emergency and an imperative public necessity that the

1-60     constitutional rule requiring bills to be read on three several

1-61     days in each house be suspended, and this rule is hereby suspended.

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