SB2858 would amend the Mississippi Code to include carbon dioxide within the definition of "gas" for purposes of the gas severance tax laws.
Mississippi SB2858 amends the definition of "gas" in the state's gas severance tax laws to include carbon dioxide. This change would affect how carbon dioxide produced from gas wells is taxed. The bill also includes provisions for the assessment of gas produced from various types of wells, such as discovery wells, development wells, and replacement wells, with different tax rates and exemptions based on the type of well and the date of drilling.
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