2016 SB 34 Tax Rate Differential For Certain Oil
- CVNM Position:
- Oppose
- Year:
- 2016
- Sponsors:
-
Gay G. Kernan
- Topics:
- Energy & Climate Change
- Legislative Info:
- SB 34 on nmlegis.gov »
Description
SB 34 (and its companion HB 285) would have extended a reduction in the severance tax to oil and other liquid hydrocarbons removed from natural gas at or near the wellhead produced from a qualified enhanced recovery project that involved the application of anthropogenic carbon dioxide. Anthropogenic carbon dioxide is carbon dioxide that is produced by human activities such as oil refining. This bill would have subsidized an extremely expensive oil and gas method at the expense of other taxpayer priorities.
Outcome
SB 34 died in the Senate Finance Committee. HB 285 passed the House (59-7) but died in the Senate Finance Committee.
How Legislators Voted on SB 34
- = Pro Conservation Vote
- = Anti Conservation Vote
- A = Absent
- E = Excused
- R = Recused
- W = Abstain
| Legislator | Party | District | Office | Conservation Vote |
Year |
|---|---|---|---|---|---|
| Cotter, Lee (R) | R | 36 | Senator | 2016 | |
| Kernan, Gay G. (R) | R | 42 | Senator | 2016 | |
| Moores, Mark (R) | R | 21 | Senator | 2016 | |
| Padilla, Michael (D) | D | 14 | Senator | 2016 | |
| Papen, Mary Kay (D) | D | 38 | Senator | 2016 | |
| Rue, Sander (R) | R | 23 | Senator | 2016 | |
| Sanchez, Clemente (D) | D | 30 | Senator | 2016 | |
| Sapien, John M. (D) | D | 9 | Senator | 2016 | |
| Sharer, William E. (R) | R | 1 | Senator | 2016 | |
| Shendo Jr., Benny (D) | D | 22 | Senator | 2016 |