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SJR 21, 86th Regular Session
Proposing a constitutional amendment to provide for foregoing the transfer of oil and gas production tax revenue to the economic stabilization fund if the ending fund balance for the preceding fiscal year is greater than 10 percent of the prior fiscal year's total net general revenue related collections and for reducing the rates of oil and gas production taxes by amounts sufficient to equal the foregone transfer.

Last action: Left pending in committee

Author: Kel Seliger

Enabling legislation: SB 214

Bill Analyses:
Introduced (Senate Research Center)

Oil & Gas
Resolutions--Constitutional Amendments
State Finances--Management & Control
Taxation--Energy Resources

Senate Committee: Finance (Jane Nelson, Paul Bettencourt, Brian Birdwell, Donna Campbell, Peter Flores, Kelly Hancock, Juan Hinojosa, Joan Huffman, Lois Kolkhorst, Eddie Lucio, Jr., Robert Nichols, Charles Perry, Larry Taylor, Kirk Watson, Royce West, John Whitmire)

Index to Sections Affected

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