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A BILL TO BE ENTITLED
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AN ACT
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relating to the reporting by an owner of a facility used to store |
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certain hydrocarbons to the chief appraiser of an appraisal |
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district of information related to property stored in the facility. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 22.04, Tax Code, is amended by adding |
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Subsection (e) to read as follows: |
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(e) Notwithstanding Subsections (a) and (b), an owner of a |
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facility that is used to store oil, gas, or other hydrocarbons |
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produced from wells operated by other persons shall file with the |
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chief appraiser a report listing as of January 1: |
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(1) the name of each well operator on behalf of whom |
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the owner of the facility stores oil, gas, or other hydrocarbons in |
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the facility; |
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(2) the types of hydrocarbons stored on behalf of each |
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well operator; and |
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(3) the volume of each type of hydrocarbon stored on |
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behalf of each well operator. |
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SECTION 2. This Act applies only to the rendition of |
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property for ad valorem tax purposes for a tax year beginning on or |
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after the effective date of this Act. |
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SECTION 3. This Act takes effect January 1, 2012. |