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A BILL TO BE ENTITLED
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AN ACT
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relating to a sales and use tax exemption for certain equipment used |
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for mineral exploration and production. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 151.324(b), Tax Code, is amended to read |
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as follows: |
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(b) Drilling and fracturing equipment, including a blender, |
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liquid or acid pumping system, or custom trailer for fracturing |
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equipment, that is used for the exploration for or production of |
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oil, gas, sulphur, or other minerals, that is built for exclusive |
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use outside this state, and that is, on completion, removed |
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forthwith from this state is exempted from the taxes imposed by this |
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chapter. |
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SECTION 2. The changes in law made by this Act do not affect |
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tax liability accruing before the effective date of this Act. That |
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liability continues in effect as if this Act had not been enacted, |
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and the former law is continued in effect for the collection of |
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taxes due and for civil and criminal enforcement of the liability |
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for those taxes. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |