Oil and gas royalty increase bill passes committee
House Bill 48 aims to raise oil and gas royalties for new businesses to 25%.
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House Bill 48 aims to raise oil and gas royalties for new businesses to 25%.
PIERRE, S.D. — A returned check written to a South Dakota business could soon cost its account owner $20 more.
The House Commerce and Economic Development committee on Monday passed a bill that would raise future oil and gas royalty rates on a 6-5 vote. HB 48 increases the maximum royalty rates that the State Land Office can charge on certain leases, bringing it more in line with what neighboring states charge. This would not
Hello fellow political junkies! Last week was the first full week of the 2024 legislative session and with it came committee meetings, floor sessions and free stuff in the wings by the rotunda from various organizations. This week the full House and Senate are expected to start hearing bills. Current bills your NM Political Report staff
SANTA FE — Full bipartisan support launched a bill that aims to extend the angel investment tax credit through its first committee of the session.