LEGISLATIVE UPDATE

LEGISLATIVE UPDATE MAY 23, 2017

Dear Leaders:

 The House JCAB met, finally at around 11:00 p.m. last night. The highlight was that HB 2429  passed out of committee 17-9. This bill would raise the Gross Production Tax to 4% on some wells. No copy of the bill was available until right before the meeting (about 15 minutes). You can read about the bill here:  http://www.oklegislature.gov/BillInfo.aspx?Bill=HB2429&Tab=0

 We haven’t seen HB 2382 on any agendas, but things are very “up in the air” at the Capitol right now, so Terry and I will be at the Capitol today closely watching activities.

 Stay tuned!

 Sabra Tucker

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