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HB2775: Providing for a three-year exemption from severance tax for new oil and gas wells.
IntroducedHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill proposes a three-year exemption from severance tax for new oil and gas wells. This means that companies drilling new wells would not have to pay this state tax for three years.
Who This Affects
This affects oil and gas companies operating in Kansas, as well as the state's treasury, which would lose revenue during the exemption period.
Key Provisions
• The bill proposes a three-year exemption from severance tax for new oil and gas wells
• The exemption applies only to new wells, not existing ones
• The bill has been introduced in the Kansas House and referred to the Committee on Taxation
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Timeline
Introduced
Wednesday, February 11, 2026
Last Action
House Referred to Committee on Taxation
Feb 11, 2026
Sponsors
No sponsors listed.
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