2019 SB 500 Oil, Gas, and Vented Gas Royalties

CVNM Position:
Support
Year:
2019
Sponsors:
Bill B. O'Neill
Topics:
Air Quality
Energy & Climate Change
Legislative Info:
SB 500 on nmlegis.gov »

Description

SB 500 (and its companion HB 398) established a threshold over which oil and gas production is taxed at one fourth percent. The bill also established that vented and flared gas was subject to royalties.

Outcome

SB 500 received a do pass in the Senate Conservation Committee, but the committee report was not filed and the bill was not referred to the Senate Corporations and Transportation Committee. HB 398 was tabled and died in the House Commerce and Economic Development Committee.


How Legislators Voted on SB 500


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