HB42 — Relating to allocating a portion of oil and gas production tax revenue to the counties from which the oil and gas originated and to the use of that revenue.

HB42 — Relating to allocating a portion of oil and gas production tax revenue to the counties from which the oil and gas originated and to the use of that revenue. · Informed CitizenryHB 42 amends the Tax Code to establish a Severance Tax Trust Fund for counties. The bill directs the comptroller to deposit 2% of the revenue collected from gas and oil production taxes into this t…Open in Informed Citizenry