Committee advances royalty transparency bill that raises maximum penalty to align with delinquency code
Lawmakers debated a bill to require itemized royalty-payment deductions and to reference a different code section that raises the maximum civil penalty from $500 to up to $100,000; producers and industry groups warned it could be punitive and invite litigation, while supporters said it is a transparency measure and aligns existing statutes.
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Representative Rick Beck, sponsor of the measure, told the committee the bill combines reporting language into a single code section and changes a $500 maximum civil penalty reference so it conforms to the existing delinquency statute that already carries a higher maximum.
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