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Minerals Committee advances severance tax reporting cleanup for enhanced oil recovery
Summary
The Minerals Committee approved a technical bill draft clarifying which legislative bodies receive the Department of Revenue—report on the enhanced oil recovery severance-tax exemption and sent it to the session; supporters called it a narrow, paperwork cleanup.
The Minerals Committee on Thursday approved a bill draft that clarifies who should receive the Department of Revenue—annual report on the enhanced oil recovery severance-tax exemption enacted in 2026.
Brian Fuller, Legislative Service Office staff, told the committee that 27 LSO 19 is a narrow cleanup to House Bill 128 and "all this bill draft does is clarify to whom the department of revenues annual report on that exemption should be sent." He said the draft specifies the report go to this committee and to Joint Revenue.
Committee members asked whether related questions about retaining earnings or fund design were part of this draft; Fuller said those were separate issues and that this measure was intended only as a statutory cleanup.
Representative Lai moved the draft forward and the committee approved it on a roll-call vote. Co-chairman Anderson, after the vote, joked that the measure had "squeaked by," reflecting the close deliberations that preceded the approval.
What happens next: The approved draft will be carried to the upcoming legislative session for further consideration. The committee took no other substantive policy action under this item.
Sources: Testimony and committee proceedings at the Minerals Committee meeting (presentation by Brian Fuller; committee roll call).
