If enacted, the proposal would exempt required fences around oil and gas drilling areas from property tax, starting with tax years ending on its effective date.
Fences around oil or gas well drilling areas would be exempt from property tax if state rules or permit terms require them.
The proposal would exempt certain fences from property tax. The exemption covers fences around areas cleared or prepared for drilling oil or gas wells. The fence must be required by rules adopted by the state oil and gas regulator or by the terms of a well permit. The exemption would apply to tax years ending on or after the section's effective date.
No hearings or votes scheduled.