1-1     By:  Craddick (Senate Sponsor - Bivins)               H.B. No. 2104
 1-2           (In the Senate - Received from the House April 26, 1999;
 1-3     April 27, 1999, read first time and referred to Committee on
 1-4     Natural Resources; May 6, 1999, reported favorably, as amended, by
 1-5     the following vote:  Yeas 6, Nays 0; May 6, 1999, sent to printer.)
 1-6     COMMITTEE AMENDMENT NO. 1                           By:  Armbrister
 1-7     Amend H.B. 2104 as follows:
 1-8     (1)  On page 1, line 26, strike "2002", and substitute "2010".
 1-9     (2)  On page 1, line 32, strike "2001", and substitute "2009".
1-10                            A BILL TO BE ENTITLED
1-11                                   AN ACT
1-12     relating to a tax exemption for hydrocarbon production from certain
1-13     inactive oil and gas leases returned to production.
1-14           BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-15           SECTION 1.  Sections 202.056(c) and (d), Tax Code, are
1-16     amended to read as follows:
1-17           (c)  If the commission designates a three-year inactive well
1-18     under this section, it shall issue a certificate designating the
1-19     well as a three-year inactive well as defined by Subsection (a)(3)
1-20     of this section.  The commission may not designate a three-year
1-21     inactive well under this section after February 29, 1996.  If the
1-22     commission designates a two-year inactive well under this section,
1-23     it shall issue a certificate designating the well as a two-year
1-24     inactive well as defined by Subsection (a)(4) of this section.  The
1-25     commission may not designate a two-year inactive well under this
1-26     section after February 28, 2002 [29, 2000].
1-27           (d)  An application for three-year inactive well
1-28     certification shall be made during the period of September 1, 1993,
1-29     through August 31, 1995, to qualify for the tax exemption under
1-30     this section.  An application for two-year inactive well
1-31     certification shall be made during the period September 1, 1997,
1-32     through August 31, 2001 [1999], to qualify for the tax exemption
1-33     under this section.  Hydrocarbons sold after the date of
1-34     certification  are eligible for the tax exemption.
1-35           SECTION 2.  The importance of this legislation and the
1-36     crowded condition of the calendars in both houses create an
1-37     emergency and an imperative public necessity that the
1-38     constitutional rule requiring bills to be read on three several
1-39     days in each house be suspended, and this rule is hereby suspended,
1-40     and that this Act take effect and be in force from and after its
1-41     passage, and it is so enacted.
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