SEC. 53-1-73. Tax imposed to pay for administration expenses.
[This section was reenacted without change by Laws, 1991, ch. 340, Sec. 26, effective from and after passage (approved March 11, 1991). Since the language of the section as it appears in the parent volume is unaffected by the reenactment, it is not reprinted in this supplement as directed by Sec. 30 of ch. 340.] For the purposes of paying the costs and expenses incurred in connection with the administration and enforcement of the oil and gas conservation laws of the State of Mississippi and of the rules, regulations and orders of the State Oil and Gas Board, there is hereby levied and assessed against each barrel of oil produced and saved in the State of Mississippi a charge not to exceed thirty-five (35) mills on each barrel of such oil, and against each one thousand (1,000) cubic feet of gas produced, saved and sold a charge not to exceed four (4) mills on each one thousand (1,000) cubic feet of gas. The State Oil and Gas Board shall fix the amount of such charge in the first instances, and may, from time to time, change, reduce or increase the amount thereof, as in its judgment the charges against the fund may require, but the amounts fixed by said board shall not exceed the limits hereinabove prescribed; and it shall be the duty of the board to make collection of such assessments. All moneys so collected shall be used exclusively to pay the expenses and other costs in connection with the functioning of the State Oil and Gas Board and the administration of the oil and gas conservation laws of the State of Mississippi now in force or hereafter enacted and the rules, regulations and orders of said board.
SOURCES: Codes, 1942, Sec. 6132-41; Laws, 1948, ch. 318, Sec. 1; 1972, ch. 482, Sec. 1; 1975, ch. 342; 1980, ch. 525; 1982, ch. 485, Sec. 26; 1983, ch. 473; Reenacted and amended, 1990, ch. 357, Sec. 26, eff from and after passage (approved March 13, 1990). Reenacted without change, Laws, 1991, ch. 340, Sec. 26, eff from and after passage (approved March 11, 1991).
1997 Amendment
SECTION 1. Section 53-1-73, Mississippi Code of 1972, is amended as follows:
53-1-73. For the purposes of paying the costs and expenses incurred in connection with the administration and enforcement of the oil and gas conservation laws of the State of Mississippi and of the rules, regulations and orders of the State Oil and Gas Board, there is hereby levied and assessed against each barrel of oil produced and saved in the State of Mississippi a charge not to exceed sixty (60) mills on each barrel of such oil, and against each one thousand (1,000) cubic feet of gas produced, saved and sold a charge not to exceed six (6) mills on each one thousand (1,000) cubic feet of gas. The State Oil and Gas Board shall fix the amount of such charge in the first instances, and may, from time to time, change, reduce or increase the amount thereof, as in its judgment the charges against the fund may require, but the amounts fixed by said board shall not exceed the limits hereinabove prescribed; and it shall be the duty of the board to make collection of such assessments. All monies so collected shall be used exclusively to pay the expenses and other costs in connection with the functioning of the State Oil and Gas Board and the administration of the oil and gas conservation laws of the State of Mississippi now in force or hereafter enacted and the rules, regulations and orders of said board.
SOURCE: 1997 Laws, Chapter 543, Sec. 1, SB2473, Effective July 1, 1997.