SB533 — Relating to the severance tax exemption for oil and gas produced from certain inactive wells.

SB533 — Relating to the severance tax exemption for oil and gas produced from certain inactive wells. · Informed CitizenrySB 533 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 one that has not produced oil o…Open in Informed Citizenry