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REP. JESSICA GONZÁLEZ FILES BILL TO REPEAL EXEMPTION OF SEVERANCE TAX FOR FLARED AND VENTED GAS
by:
01/27/2021
Austin, Texas – State Representative Jessica González (D-104) filed legislation that would repeal the current exemption of severance tax for flared and vented gas that is produced in Texas, a measure that would produce more tax revenue and discourage excess pollution.
On Tuesday, January 26, 2021, Rep. González filed House Bill 1377, a bill that would repeal the flared and vented gas severance tax exemption. Currently, flared and vented gas produced in the state is exempt from being taxed at 7.5% of the market value of gas produced. Because of the exemption, Texas missed out on collecting over $120 million from flared and vented gas tax from 2012-2017.