HB1558 — Relating to the severance tax exemption for oil and gas produced from certain inactive wells.

HB1558 — Relating to the severance tax exemption for oil and gas produced from certain inactive wells. · Informed CitizenryHB 1558 amends the Tax Code to modify the severance tax exemption for oil and gas produced from certain inactive wells. The bill defines a 'two-year inactive well' as a well that has not produced o…Open in Informed Citizenry