Vote Smart's Synopsis:

Vote to adopt a conference and pass a bill that establishes state economic incentives for oil and gas companies.

Highlights:

• Establishes various state economic incentives for oil and gas companies to provide the following, including, but not limited to (Sec. 1):

• Creation of new high-paying permanent jobs and construction jobs in the state;

• Encourage financially positive economic development and energy water infrastructure projects in the state;

• Provide temporary competitive economic incentive for attracting certain-large scale economic development projects; and

• Creation of certain advanced manufacturing industry sectors critical to national defense and health care.

• Exempts wind and solar companies from the aforementioned economic incentives (Sec. 1).

• Specifies that the provisions of this bill shall take effect September 1, 2023 (Sec. 11).

Full Bill Text

Vote Smart's Synopsis:

Vote to amend and pass a bill that establishes state economic incentives for oil and gas companies, while excluding wind and solar companies.

Highlights:

• Establishes various state economic incentives for oil and gas companies to provide the following, including, but not limited to (Sec. 1):

• Creation of new high-paying permanent jobs and construction jobs in the state;

• Encourage financially positive economic development and energy water infrastructure projects in the state;

• Provide temporary competitive economic incentive for attracting certain-large scale economic development projects; and

• Creation of certain advanced manufacturing industry sectors critical to national defense and health care.

• Exempts wind and solar companies from the aforementioned economic incentives (Sec. 1).

• Specifies that the provisions of this bill shall take effect September 1, 2023 (Sec. 11).

Full Bill Text