Transcript Highlights:

• Well, good morning, everybody, and welcome back to Finance and Tax.
• Well, we all know that on bond issues, a typical bond issue is for like 20 years, and so we need to make
• Well, now maybe we can open it up for questions from members. I'll do my best.
• So other than that, I appreciate Association of Counties being gracious on the June 1st date as well.
• Well, what did I have? We got line 5 and line 10. Yeah, I meant line 10. Excuse me.

Bills: SB2397

Keywords: oil and gas, tax exemption, development incentive wells, gross production tax, flaring, 908, all

Summary: The Senate Finance and Tax Committee met and first took up House Bill 1382, the gas tax bill. Members explained an amendment to ensure that the proposed three-cent gas tax distribution would include all counties and townships in oil-producing counties, rather than excluding non-oil-producing counties as in the original draft. The committee adopted the amendment unanimously, but then held the bill for the time being because of related work on the Department of Transportation budget in the House. The committee then turned to House Bill 1168, a large hoghouse amendment that combined the bill with the contents of House Bill 1176 and added technical corrections. The proposal would raise the primary residence property tax credit maximum from $1,250 to $1,650, keep the 75% cap with a $500 floor, and extend the credit to voter-approved levies while excluding special assessments. Other changes discussed included aligning the disabled veterans property tax credit with the $200,000 exemption level, adjusting budget and distribution dates so taxing districts are made whole sooner, exempting townships from a general-election vote requirement for levy increases, and modifying school funding formulas so schools are not shortchanged if mill levies are reduced under the cap. Testimony from the Association of Counties and the State Supervisor of Assessments was generally supportive of the technical cleanup and implementation changes, but they raised concerns about the June 1 distribution date, application timing, and the practicality of some programming and administrative changes. Committee members also discussed the policy and messaging implications of the 75%/floor structure and the difficulty of applying the credit to certain voter-approved levies. No final action was taken on House Bill 1168; the committee agreed to continue working on amendments and recessed until later in the day.

Transcript Highlights:

• Covington County is well represented by you, sir, and you and I had great conversations, and I appreciate
• this is the bill that I passed last year out of this committee, and we passed it out of House 4 as well

Bills: HB393, HB61

Keywords: tax abatement, incentive programs, NAICS code, economic development, business, Covington County, carbon dioxide, underground wells, nonhazardous fluids, environmental protection, constitutional amendment, 1136, house, all

Transcript Highlights:

• But in trying to get the abandoned wells and inactive wells, you know, so I see the same parallel in
• and active wells.
• Well, there's no reapplication of electrical support structure to turn the well back on, but at the 10
• A lot of these wells, that field was discovered in the 20s and they continued to drill wells in the 50s
• well, and if they want to choose gas.

Bills: HB1237, HB2663, HB3071, HB4384

Keywords: occupational licenses, renewal, Texas Commission on Environmental Quality, registration, license expiration, HB 2663, inactive well, plugging extension, Railroad Commission of Texas, RRC, oil and gas, orphan wells, well cleanup, well plugging, abandoned wells, surface equipment removal, electric service termination, administrative penalty, Natural Resources Code, Section 89.029

Summary: The Senate Committee on Natural Resources heard several House bills dealing with environmental regulation, oil and gas safety, landfill permits, and utility cost recovery. HB 1237, by Rep. Geren and sponsored by Sen. Zaffirini, would extend TCEQ occupational license renewal deadlines from 30 days to 90 days, allow renewal up to one year with higher fees, and require a new application after longer expiration; the committee substitute clarified that applicants may continue working only until renewal is approved or denied and set a 180-day cutoff for renewal. HB 3071, sponsored by Sen. Hancock, would require TCEQ to cancel certain long-dormant municipal solid waste permits; members discussed concerns about precedent, ownership changes, and whether the bill should be narrowed, and the bill was left pending with a committee substitute expected. The committee also heard HB 2663, sponsored by Sen. Birdwell, which would require operators of inactive oil and gas wells to remove or de-energize electrical equipment after 10 years and authorize Railroad Commission penalties for false compliance. Testimony from landowners, cattle raisers, and the Sierra Club supported the bill as a wildfire-prevention measure, and the bill was left pending. HB 4384, also by Rep. Darby and sponsored by Sen. Birdwell, would let natural gas utilities defer certain infrastructure costs for later recovery through the GRIP process; utility representatives supported it as credit-positive and consistent with existing accounting, while consumer advocates opposed it as increasing rates without enough oversight. The committee discussed possible amendments to add more cost controls, and the bill was left pending. Later, the committee voted HB 2563, the companion to SB 2510, favorably to the full Senate by a 5-0 vote and ordered it certified for the local and uncontested calendar. The committee then took up HB 143, which would codify interagency procedures for addressing electrical power line safety at well sites and related facilities after wildfire concerns; members said a committee substitute had been negotiated with agencies and stakeholders to clarify responsibilities, timelines, and inspection authority while reducing fiscal impact. No final vote was taken on HB 143, and the committee recessed with several bills still pending.

Bills: HB1237, HB2663, HB3071, HB4384

Keywords: occupational licenses, renewal, Texas Commission on Environmental Quality, registration, license expiration, HB 2663, inactive well, plugging extension, Railroad Commission of Texas, RRC, oil and gas, orphan wells, well cleanup, well plugging, abandoned wells, surface equipment removal, electric service termination, administrative penalty, Natural Resources Code, Section 89.029

Transcript Highlights:

• going to use that well.
• In trying to get the abandoned wells and inactive wells, I see the same parallel in what you're trying
• Well, de-electrified...
• to drill wells from that time.
• So, well, in that sense, yes, it allows.

Bills: HB1237, HB2663, HB3071, HB4384

Keywords: occupational licenses, renewal, Texas Commission on Environmental Quality, registration, license expiration, HB 2663, inactive well, plugging extension, Railroad Commission of Texas, RRC, oil and gas, orphan wells, well cleanup, well plugging, abandoned wells, surface equipment removal, electric service termination, administrative penalty, Natural Resources Code, Section 89.029

Transcript Highlights:

• Maybe a court will say, well, the legislative history, we respect the legislative history.
• These fees help prevent the state from bearing the full cost of orphaned wells.
• So what this does is it sets up a new structure. ...wells that produce very little.
• wells at less than 50 percent of the full fee, oil from stripper wells less than 25 percent of the full
• fee, gas from low-pressure wells 40 percent of the full fee, and gas from incapable wells 17.5 percent

Bills: SB480, HB621, HB637, HB804, HB841, HB1056

Keywords: fishing gear, Oyster Bayou, shrimping, regulation, marine resources, HB621, Act 658, renewable energy, recycling, decommissioning, wind energy, solar power, solar facilities, wind turbines, energy infrastructure, end-of-life disposal, universal waste, recyclable materials, waste reduction, Department of Environmental Quality

Transcript Highlights:

• Maybe a court will say, well, the legislative history, we respect the legislative history.
• These fees help prevent the state from bearing the full cost of orphaned wells.
• So what this does is it sets up a new structure... ...wells that produce very little.
• wells at less than 50 percent of the full fee, oil from stripper wells at less than 25 percent of the
• full fee, gas from low-pressure wells at 40 percent of the full fee, and gas from incapable wells at

Bills: SB480, HB621, HB637, HB804, HB841, HB1056

Keywords: fishing gear, Oyster Bayou, shrimping, regulation, marine resources, HB621, Act 658, renewable energy, recycling, decommissioning, wind energy, solar power, solar facilities, wind turbines, energy infrastructure, end-of-life disposal, universal waste, recyclable materials, waste reduction, Department of Environmental Quality

Summary: The Senate Committee on Natural Resources met on May 14 and approved the April 29 minutes. The committee first heard HB 1056, which authorizes transfer of certain state property in Natchitoches Parish tied to a former school building now considered dilapidated and a nuisance; it was reported favorably. HB 841, described as a landman code of conduct bill and expropriation-related measure, was voluntarily deferred so the sponsor could work on additional changes over the interim. The committee then took up HB 804, the Louisiana Energy Protection Act, which would bar future lawsuits seeking climate-change damages against fossil fuel companies and other entities. Supporters said it would prevent speculative climate litigation while preserving legitimate claims for permit violations and other existing statutory causes of action. Opponents from coastal litigation and the Sierra Club argued the bill was drafted too broadly and could affect legacy cases, property rights, and regulatory enforcement; the committee adopted Amendment 3875 to grandfather existing filed cases and make the bill effective upon gubernatorial signature, then reported the bill favorably as amended. HB 621, requiring recycling of decommissioned renewable energy infrastructure and updating the state’s waste framework for modern energy components, was reported favorably. HB 637, which revises oil field site restoration fees and lowers rates for marginal, stripper, low-pressure, and incapable wells, was also reported favorably. Finally, SB 480, as amended, allowed boats to anchor in Oyster Bayou so long as they are not within an oyster lease and someone remains on board; the committee adopted the amendment and reported the bill favorably before adjourning.

Transcript Highlights:

• An inactive well is basically a well that hasn't been producing for like 12 months.
• So how do we distinguish between an inactive well and an abandoned well?
• Okay, so there is a clear definition between inactive wells and abandoned wells. Correct.
• orphaned wells that we have.
• I love the idea as well.

Bills: SB524, SB782, HB42, HB1056, HB2894, HB3033, HB3474, HB3594, HB4738, HB5246, HB42

Keywords: SB 524, Texas franchise tax, veteran-owned business, new veteran-owned business, business tax exemption, filing fee exemption, Tax Code Chapter 171, Business Organizations Code, Comptroller, small business, veterans, entrepreneurship, tax repeal, privilege tax, beginning date, franchise tax exemption, severance tax, oil, gas, restimulation wells

Transcript Highlights:

• I mean, we're talking about giving each well that's restimulated, which I'm for.
• ...to restimulate the well and spend additional money.
• What I heard is this: that it costs about $4 million to restimulate the well, is that correct?
• And that the tax break is well worth it because of the cost of restimulation?
• Only 2% are restimulations, and only a fraction of those are mature wells that are being restimulated

Bills: HB42

Keywords: special prosecutor, state law, criminal justice, accountability, law enforcement

Summary: The committee heard Senator Flores lay out the committee substitute for HB 2894, which would expand state reimbursement eligibility for local governments disproportionately affected by the disabled veterans homestead exemption. Flores said the bill would add certain municipalities in Bell, Coryell, and Lampasas counties if lost ad valorem tax revenue equals or exceeds 10% of general revenue, while existing recipients would remain under the current 2% threshold. Lampasas and Bell County officials and the City of Killeen testified in support, describing significant revenue losses and urging adequate funding. One witness, Howard Avery, argued any reimbursement should be counted as property tax revenue for voter-approval rate purposes to avoid a windfall. The committee later adopted the substitute and reported the bill favorably, with one nay. The committee also heard SB 782, which would create a temporary severance tax exemption for restimulated inactive oil and gas wells, intended to encourage investment in mature wells. The Comptroller explained the revised fiscal note as effectively zero because the wells are currently marginal and not generating meaningful tax revenue, while industry witnesses said the bill could extend well life, support local economies, and reduce orphan-well liabilities. Public testimony was supportive, and the bill was left pending. Members then heard HB 3033, a DPS-related grant program funded by voluntary $3 donations on driver’s license and ID applications to support nonprofits aiding injured or fallen DPS officers and their families, including memorial highway signs. The DPS Officers Association supported the bill, citing existing foundation assistance and the need for a steady funding stream. The committee later reported the bill favorably. The committee also considered SB 524, which would permanently extend the franchise tax and fee exemption for qualifying veteran-owned businesses for their first five years; testimony from a veteran business owner and veterans advocates supported the measure, and the committee adopted the substitute and reported it favorably. Additional measures were laid out and left pending or voted out: HB 3594, a local San Antonio retiree health care fund bill with agreed changes for contributions, spouse benefits, and remarriage rules, was supported by stakeholders and reported favorably; HB 4738 would repeal small administrative fees tied to certain loans and was reported favorably; HB 42 on HEAF funding and HB 5246 on the Texas Space Commission were heard and left pending. The committee also reported HB 3474, a cleanup bill for the Pension Review Board’s investment performance review schedule, and HB 2802, the Austin firefighter retirement fund bill, both favorably. Finally, the committee took up HB 1056, which would allow gold and silver held in the Texas Bullion Depository to function as legal tender through debit-card transactions. Supporters framed it as a way to use hard assets and expand financial options, while bankers and some senators raised major operational, consumer-protection, tax, and constitutional questions; the bill remained under discussion as testimony began.

Keywords: KY LRC YouTube, https://www.youtube.com/watch?v=KGLd6CvGMIM, 2026-06-21T07:17:08+00:00, 2.2.24, Data collected via generic collector engine, 00:00:05 – Roll Call Attendance 00:01:20 – Approval of June Minutes 00:01:40 – Searching for Kentucky’s Juneteenth 00:22:25 – Discussion on Elementary Education: The Promise Academy at William Wells Brown, 958, all, 2.2.42, 2.1.47

Transcript Highlights:

• Well, that didn't happen.
• All right, well, I'm against the bill.
• This expressway has been pretty well received.
• OK, well, listen, I'm just a little...
• Well, we'll try and be respectful.

Bills: HJR58, HJR63, HB263, HB542, HB905, HB 1288, HB1402, HB2003, HB2262, HB2323, HB2429, HB2876, HB3019, HB263

Keywords: healthcare, insurance, elderly, retirement, benefits, transit-oriented projects, constitutional amendment, state highway fund, funding allocation, voter approval, highway fund, funding, public transportation, transit projects, transportation, local transit, fund allocation, voting rights, election integrity, ballot access

Bills: SF0050, SF0084, HB0133, HB0116, HB0011, HB0044

Keywords: groundwater, water resource management, state engineer, aquifer study, corrective controls, monitoring wells, public reporting, water conservation, Colorado River, drought, irrigation, water rights, voluntary program, interstate agreements, conservation districts, supervisors, elections, agriculture, local governance, beneficial use

Transcript Highlights:

• And so Wyoming state statute as well.
• We have the acre spacings for wells.
• <01:27:45.600> So all agriculture irrigation wells. So all agriculture irrigation wells.
• , a test well is simply an exploratory<01:33:14.080> well.
• What we were exploratory well.

Bills: SF0050, SF0084, HB0133, HB0116, HB0011, HB0044

Keywords: groundwater, water resource management, state engineer, aquifer study, corrective controls, monitoring wells, public reporting, water conservation, Colorado River, drought, irrigation, water rights, voluntary program, interstate agreements, conservation districts, supervisors, elections, agriculture, local governance, beneficial use

Transcript Highlights:

• Education, having been a teacher as well. And with your permission, Mr.
• Looks like in the old language, this is an incentive to finalize noncompleted wells.
• I think it is newer wells or wells under construction. I don't believe it to be retroactive.
• Well Again, debate from the chair. Senator Murdock, thanks for bringing this up.
• Well, it's New Mexico. But what else did I do besides pick up feed? I went and ate.

Bills: HB1590, HB3075, HB3548, HB3661, HB3986, HB4273, HB4346

Keywords: education funding, linked deposits, education infrastructure, charter schools, nonprofit organizations, Oklahoma Education Infrastructure Program, rounding, cash payments, public finance, Oklahoma Common Cents Act, political subdivision, youth entrepreneurship, tax exemption, small business, income tax, Oklahoma Youth Entrepreneurs Promotion and Development Act, HB3661, Oklahoma sales tax, sales tax exemption, revenue and taxation

Bills: SF0069, SF0084, SF0050, SF0109, HB0069, HB0098

Keywords: wastewater, stormwater, infrastructure, environmental quality, public data, data collection, funding, study, water conservation, Colorado River, drought, irrigation, water rights, voluntary program, interstate agreements, groundwater, water resource management, state engineer, aquifer study, corrective controls

Transcript Highlights:

• One of the other um up there as well.
• Well, thank you, Representative Larson. Any uh—" "Does anybody want to move the bill?"
• as a civil is a criminal penalty as well as a civil uh<00:17:13.760> provision.
• That's how I remember it as well.
• But I think there remember it as well.

Bills: SF0069, SF0084, SF0050, SF0109, HB0069, HB0098

Keywords: wastewater, stormwater, infrastructure, environmental quality, public data, data collection, funding, study, water conservation, Colorado River, drought, irrigation, water rights, voluntary program, interstate agreements, groundwater, water resource management, state engineer, aquifer study, corrective controls

Transcript Highlights:

• . >> Well, first time I've been in here.

Bills: SF0085, SF0056, SF0084, SF0104, SF0109, SF0120, SF0050

Keywords: internet crimes, children, task force, law enforcement, funding, education, victim assistance, kratom, regulation, healthcare, age restrictions, manufacturing standards, water conservation, Colorado River, drought, irrigation, water rights, voluntary program, interstate agreements, higher education

Bills: SF0085, SF0056, SF0084, SF0104, SF0109, SF0120, SF0050

Keywords: internet crimes, children, task force, law enforcement, funding, education, victim assistance, kratom, regulation, healthcare, age restrictions, manufacturing standards, water conservation, Colorado River, drought, irrigation, water rights, voluntary program, interstate agreements, higher education

Transcript Highlights:

• well.
• wells as well as what the price will be doing.
• That well can again become a stripper well.
• well to hit that stripper well status.
• order to shut that well or plug that well.

Summary: The Tax Reform and Relief Advisory Committee met with a quorum, approved the March 17, 2026 minutes, and heard a lengthy update from Tax Commissioner Brian Croshys on property tax relief programs. He reviewed the Homestead Property Tax Credit, Disabled Veteran Credit, and Primary Residence Credit, noting increased relief after House Bill 1158 and House Bill 1176, but also discussing how some households “income adjust out” of eligibility over time. Members asked about indexing income thresholds, expanding eligibility by age alone, simplifying administration, county-level notices, and whether the county and state systems could be streamlined. Croshys said the programs are heavily used, largely administered at the county level, and that the department is still refining compliance and reporting; he also said there were no material findings or overarching concerns in the latest review. The committee agreed more detailed PRC information would likely come back in a September meeting, and the chair announced an afternoon recess for lunch before later reconvening. Shelly Myers then presented the statewide property tax increase report, the zero-growth report, and a statistical report on property values and tax levies by class. She explained how county auditors report levy and valuation data, how increases and decreases are counted, and identified counties and cities with the largest percentage changes in growth or decline. She also summarized recent trends: agricultural values remain relatively flat, while residential, commercial, and centrally assessed values have risen over the last five years; in 2025, residential property accounted for the largest share of statewide property tax levies, followed by commercial, agriculture, and centrally assessed property. Committee members asked about unusual zero-growth figures, the effect of annexation and land-use changes, and whether the 3% levy cap was forcing political subdivisions to use reserves or defer spending. Myers said many counties complied by using reserves, delaying capital projects, or limiting increases, and that some counties had not used their full cap. The committee then moved to the stripper oil extraction tax exemption. Commissioner Croshys reviewed the state’s oil tax structure and estimated the revenue impact of keeping stripper wells exempt from extraction tax while still paying production tax. He said the exemption saves operators hundreds of millions of dollars over a biennium, while the state still collects production tax on those wells. He also discussed projected impacts if the exemption were changed for future wells and noted that future outcomes depend on oil prices, production declines, and technology such as CO2 enhanced oil recovery. Nathan Anderson of the Department of Mineral Resources briefly explained the historical difference between the 35-barrel and 30-barrel thresholds for certain wells, citing differences in completion costs and lateral lengths. The committee then heard from EERC CEO Charles Gorecki, who presented an analysis of oil well life cycles and said most oil is produced before wells reach stripper status, but that refracturing or other reinvestment can significantly extend production and keep wells above the threshold for years.

Transcript Highlights:

• . >> Well, I'll um, Mr.
• strict limit, but I think that by pulling the funds with the treasurer, those funds are going to be well
• strict limit, but I think that by pulling the funds with the treasurer, those funds are going to be well
• I think that by pulling the funds with the treasurer, those funds are going to be well accounted for.
• Well, we're right. Anybody else out there in the hinterland?

Bills: SF0050, SF0068, SF0084, HB0087, HB0029, HB0061, HB0090

Keywords: groundwater, water resource management, state engineer, aquifer study, corrective controls, monitoring wells, public reporting, irrigation, water management, funding, maintenance projects, tax assessments, state law, water conservation, Colorado River, drought, water rights, voluntary program, interstate agreements, water development