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Committee moves bill that simplifies exemption for low‑production oil leases
Committee on Taxation · February 6, 2026
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Summary
The committee voted to report HB24-40 favorably; the bill would remove the requirement that certain low-production oil leases file with the Board of Tax Appeals to obtain a property tax exemption.
House Bill 24-40 would remove an administrative filing requirement that some low-production oil leases must submit to the Board of Tax Appeals to…
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