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HB 0205 - Fracking Regulations
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Tracking Level: Support
Sponsor: John Meadows (R)
Last Action: 5/8/2018 - Effective Date
House Committee: Energy, Utilities & Telecommunications
Senate Committee: Regulated Industries and Utilities
Assigned To:
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Sales Tax-LocalNext Bill
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Staff Analysis of the Legislation

This legislation amends the Oil and Gas Deep Drilling Act of 1975. It requires the creation of regulations governing hydraulic fracturing. Counties and cities have the ability to adopt local zoning or land use ordinances limiting the location or timing of fracking activities to protect natural resources, human life and human welfare. A three percent severance tax will be required from the sale price of the gas and oil obtained. Counties, where the fracking occurs, can enact local ordinances or resolutions to levy its own severance tax, which can't exceed nine cents per barrel of oil or two cents per thousand cubic feet of gas.  


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text






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