2006 HB 144 Oil and Gas Produced Water Tax Credits

CVNM Position:
Oppose
Year:
2006
Sponsors:
George Hanosh
Topics:
Water
Legislative Info:
HB 144 on nmlegis.gov »

Description

HB144 provides a tax credit in the amount of $1,000 per acre-foot for water used during the oil and gas production process that is cleaned up and delivered to the Pecos to assist in meeting our interstate compact obligations. This would be an annual credit, however, while the cost of purchasing land with water rights – which ensures permanent ownership of the water rights – costs the state between $2,500 and $5,000 per acre, or $1,250 - $2,500 per acre-foot. Taxpayers are better off paying twice as much to own the water rights forever, as opposed to ‘leasing’ them year-to-year for half the price. Moreover, HB 144 turns the principle of ‘polluter pays’ on its head – by compensating oil and gas producers for cleaning up the water that they polluted in the first place.

Outcome

HB 144 was rolled into the tax omnibus bill, which included many other tax-related measures. The only stand-alone vote on HB 144 was held in House Agriculture and Water Resources Committee, which is the vote included here. The tax omnibus bill went to Conference Committee; the report passed the House, but died in the Senate.


How Legislators Voted on HB 144


  • = Pro Conservation Vote
  • = Anti Conservation Vote
  • A = Absent
  • E = Excused
  • R = Recused
  • W = Abstain
Legislator Party District Office Conservation
Vote
Year
Begaye, Ray (D) D 4 Representative 2006
Cervantes, Joseph (D) D 52 Representative 2006
Cheney, Richard (R) R 2 Representative 2006
Nunez, Andy (D) D 36 Representative 2006
Stell, Joe (D) D 54 Representative 2006
Townsend, Sandra (R) R 3 Representative 2006
Tripp, Don (R) R 49 Representative 2006