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HB 765/FN (BR 2159) - H. Moberly, J. Gooch
AN ACT relating to oil and gas recovery enhancement.
Create a new section of KRS Chapter 137 to define "recovered inactive well"; provide for a tax credit equal to 4.5% of gross value of oil that is produced from a recovered inactive well; create a new section of KRS Chapter 143A to define "recovered inactive well"; provide for a tax credit equal to 4.5% of market value of natural gas that is produced from a recovered inactive well; create a new section of KRS Chapter 353 to provide that any person may investigate an abandoned well and provide for procedures; amend KRS 353.570 to conform.
HB 765 - AMENDMENTS
HFA (1, J. Gooch) - Provide that a person applying to investigate an abandoned well shall submit a plan to prevent erosion and sedimentation, if the surface owner is a different owner than the owner of the mineral rights.
HFA (2, H. Moberly) - Provide that a person applying to investigate an abandoned well shall submit a restoration plan.
HFA (3, H. Moberly) - Provide that a person applying to investigate an abandoned well shall submit a plan to prevent erosion and sedimentation, if the surface owner is a different owner than the owner of the mineral rights.
Feb 27-introduced in House
Mar 2-to Natural Resources and Environment (H)
Mar 3-posted in committee
Mar 10-reported favorably, 1st reading, to Calendar
Mar 11-2nd reading, to Rules; floor amendments (1) (2) and (3) filed
Mar 12-posted for passage in the Regular Orders of the Day for March 13, 1998
Mar 16-3rd reading, passed 94-0 with floor amendment (1)
Mar 17-received in Senate
Mar 18-to Agriculture and Natural Resources (S)
Mar 23-reported favorably, 1st reading, to Consent Calendar
Mar 24-2nd reading, to Rules; posted for passage in the Consent Orders of the Day for March 25, 1998
Mar 25-3rd reading, passed 37-0
Mar 26-received in House; enrolled, signed by each presiding officer
Mar 27-delivered to Governor
Apr 7-signed by Governor
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