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A BILL TO BE ENTITLED
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AN ACT
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relating to natural gas reporting for severance tax purposes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 201.203, Tax Code, is amended to read as |
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follows: |
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Section 201.203. Producer's Report. (a) On or before the |
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last day of each calendar month, each producer shall file a report |
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with the comptroller on forms prescribed by the comptroller. The |
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report must contain the following information concerning gas |
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produced during the preceding calendar month: |
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(1) the gross amount of gas produced, and the thermal |
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(Btu) content of such gas, that is subject to the tax imposed by |
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this chapter; |
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(2) the leases from which the gas was produced; |
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(3) the names and addresses of the first purchasers of |
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the gas; and |
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(4) other information the comptroller may reasonably |
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require. |
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(b) If the report the producer is required to file shows |
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additional tax due, the producer must pay the additional tax when he |
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files the report. |
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(c) If the producer is required to report and pay the tax |
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under Section 201.2041 of this code, the producer's report shall |
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include for that gas any additional information required to be |
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reported by a first purchaser under Section 201.2035 of this code |
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for gas for which the first purchaser is required to pay the tax. |
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SECTION 2. Section 201.2035, Tax Code, is amended to read as |
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follows: |
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Section 201.2035. First Purchaser's Report. (a) On or |
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before the last day of each calendar month, each first purchaser |
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must file a report with the comptroller on forms prescribed by the |
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comptroller. The report must contain the following information |
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concerning gas purchased from a producer during the preceding |
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calendar month: |
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(1) the gross amount of gas purchased, and the thermal |
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(Btu) content of such gas, from each producer; |
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(2) the price paid for the gas; |
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(3) the lease from which the gas was produced; and |
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(4) other information the comptroller may reasonably |
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require. |
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(b) If the report the first purchaser is required to file |
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shows any additional tax due, the first purchaser must pay the tax |
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when he files the report. |
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SECTION 3. This Act takes effect September 1, 2007. |