SB227 — Gross production tax; property exempt from ad valorem tax as used in the production of material subject to gross production tax; expanding exempt property. Effective date.

SB227 — Gross production tax; property exempt from ad valorem tax as used in the production of material subject to gross production tax; expanding exempt property. Effective date. · Informed CitizenrySB227 amends the definition of 'economically at-risk oil or gas lease' to include leases where the average monthly gross value of oil production is less than $50.00 or gas production is less than $…Open in Informed Citizenry