Bill Status of HB 5748   100th General Assembly

Short Description:  HYDRAULIC FRAC-TAX&APPLICATION

House Sponsors
Rep. Jerry Costello, II-Brad Halbrook, Allen Skillicorn, Terri Bryant, John Cavaletto, Charles Meier, David B. Reis and Dave Severin

Last Action  View All Actions

DateChamber Action
  1/8/2019HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 450/2-15
225 ILCS 732/1-35

Synopsis As Introduced
Amends the Illinois Hydraulic Fracturing Tax Act. Provides that the tax rate for the severance and production of oil or gas shall be 1.5% (rather than 3%) of the value of the oil or gas. Provides that for oil the tax shall be: (i) 1.5% of the value of the oil (rather than 3%) where the average daily production from the well in a month is less than 25 barrels; (ii) 2% of the value of the oil (rather than 4%) where the average daily production from the well in a month is between 25 barrels and 50 barrels; (iii) 2.5% of the value of the oil (rather than 5%) where the average daily production from the well in a month is between 50 barrels and 100 barrels; and (iv) 3% of the value of the oil (rather than 6%) where the average daily production from the well in a month is 100 barrels or more. Provides that for gas the tax shall be 3% (rather than 6%) of the value of the gas. Amends the Hydraulic Fracturing Regulatory Act. Deletes language stating that every applicant for a high volume horizontal hydraulic fracturing permit shall include a traffic management plan on his or her application.

Actions 
DateChamber Action
  2/16/2018HouseFiled with the Clerk by Rep. Jerry Costello, II
  2/16/2018HouseFirst Reading
  2/16/2018HouseReferred to Rules Committee
  3/8/2018HouseAdded Co-Sponsor Rep. Allen Skillicorn
  3/8/2018HouseAdded Chief Co-Sponsor Rep. Brad Halbrook
  3/8/2018HouseChief Co-Sponsor Changed to Rep. Brad Halbrook
  3/21/2018HouseAssigned to Revenue & Finance Committee
  3/29/2018HouseAdded Co-Sponsor Rep. Terri Bryant
  3/29/2018HouseAdded Co-Sponsor Rep. John Cavaletto
  3/29/2018HouseAdded Co-Sponsor Rep. Charles Meier
  3/29/2018HouseAdded Co-Sponsor Rep. David B. Reis
  3/29/2018HouseAdded Co-Sponsor Rep. Dave Severin
  4/12/2018HouseTo Sales and Other Taxes Subcommittee
  4/13/2018HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2019HouseSession Sine Die

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