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REP. JESSICA GONZÁLEZ FILES BILL TO REPEAL EXEMPTION OF SEVERANCE TAX FOR FLARED AND VENTED GAS


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. ....

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