TO: | Honorable Kip Averitt, Chair, Senate Committee on Natural Resources |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | SB1173 by Seliger (Relating to the tax credit for enhanced efficiency equipment installed on certain wells. ), Committee Report 1st House, Substituted |
The bill would amend Section 202.061 of the Tax Code relating to the tax credit for enhanced efficiency equipment installed on certain oil wells.
The bill would add four more years to the qualifying period by advancing the expiration date of the tax credit from September 1, 2009 to September 1, 2013.
The bill would take effect September 1, 2007.
Source Agencies: | 304 Comptroller of Public Accounts
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LBB Staff: | JOB, WK, SD, CT
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