As discussed in our post on May 5, 2014, there are a number of California State Senate and Assembly bills that could impact oil and gas operations this year, if passed. Friday, May 30 was the last day to pass bills out of their house of origin to the opposite house, the Senate or
severence tax
Current Status of Oil and Gas-related Bills in California’s Legislature
By Mike Mills on
Posted in Oil and Gas
There are a number of California State Senate and Assembly bills that could impact oil and gas operations this year, if passed. Stoel Rives has a dedicated team of professionals tracking these bills. Below you will find summaries of each piece of oil and gas-related legislation.
SENATE BILLS (Status as of May 2, 2014)
SB…
How SB 4 Will End Up Taxing the Oil and Gas Industry and Even California’s Consumers: Looming Fee Hikes Will Cover State Water Resources Control Board’s Budget Needs, New Staff Positions
By Mike Mills on
Posted in Oil and Gas
Most of the media has been consumed with talk of a proposed severance tax on oil and gas production, but meanwhile in Sacramento another tax on oil and gas production is being poised to take effect — funding requests to implement SB 4. The State Water Resources Control Board (“SWRCB”) is asking for more than…