Amend CSHB 3582 by adding new SECTIONS to the bill,
appropriately numbered, to read as follows and renumbering the
remaining SECTIONS of the bill appropriately:
      SECTION     . Subchapter J, Chapter 91, Natural Resources
Code, is amended by adding Section 91.408 to read as follows:
      Sec. 91.408. INFORMATION FOR PAYEES OF PROCEEDS OF PRODUCTION
FROM CERTAIN GAS WELLS. (a) A payor of proceeds from the sale of
gas produced from a tight formation as defined by Section
29(c)(2)(B), Internal Revenue Code of 1986, annually shall furnish
the payee a statement providing the information necessary to
compute the federal income tax credit provided by that section for
the gas for which payment was made in the preceding year,
including:
            (1)  information as described in Section 91.502(1) of
this code; and
            (2)  the volume of the gas, measured in:
                  (A)  thousands of cubic feet and heating value;
or
                  (B)  millions of British thermal units for each
thousand cubic feet.
      (b)  A payor shall furnish a statement required by Subsection
(a) not later than March 15 each year.
      SECTION     . Section      of this Act takes effect September
1, 1999.