Energy Security Policy: Hearings Before the Subcommittee on Fossil and Synthetic Fuels of the Committee on Energy and Commerce, House of Representatives, Ninety-eighth Congress, Second Session, August 29 and 30, 1984, Volume 4

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Page 40 - There is hereby levied, to be collected hereafter, as provided herein, annual privilege taxes upon every person engaging or continuing within this state in the business of producing, or severing gas, as defined herein, from below the soil or water for sale, transport, storage, profit or for commercial use. The
Page 299 - miles of the seaward boundary of any coastal State, the Secretary shall provide the Governor of such State— (a) an Identification and schedule of the areas and regions proposed to be offered for leasing; (b) all Information concerning the geographical, geological and ecological characteristics of such regions; (c) an estimate of the oil and gas reserves
Page 310 - the size, timing, or location of a proposed lease sale If they "provide for a reasonable balance between the national Interest and the well-being of the citizens of the affected States.
Page 332 - serious problems discussed below. HR *589 would amend section 307(c)(l) of the CZMA to require each Federal agency conducting or supporting an activity (whether within, or landward or seaward of, the coastal zone) that directly affects the coastal zone to conduct or support that activity in a manner which is, to the maximum extent practicable, consistent with State management programs approved by the Secretary
Page 297 - fully consistent with congressional directives and strikes the "proper balance between the potential for environmental damage, the potential for the discovery of oil and gas, and the potential for adverse Impacts on the coastal zone.
Page 40 - The tax is hereby levied upon the entire production in this state, regardless of the place of sale or to whom sold or by whom used, or the fact that the delivery may be made to points outside the state, but not levied upon that gas,
Page 40 - There is hereby levied, to be collected hereafter, as provided herein, annual privilege taxes upon every person engaging or continuing within this state in the business of producing, or severing oil, as defined herein, from the soil or water for sale, transport, storage, profit or for commercial use. The amount of such tax shall be measured by the value of the oil produced, and
Page 301 - the Secretary and the Governor of such coastal State cannot agree, as a district court of the United States determines, the fair and equitable disposition of such revenues and any Interest which has accrued and the proper rate of payments to be deposited in the treasuries of the Federal Government and such coastal State.
Page 41 - tax laws are expressly continued in full force, effect and operation for the purpose of the assessment, collection and enrollment of liens for any taxes due or accrued and executing of any warrant under said laws prior to the date on which this act becomes effective, and for the imposition of any penalties, forfeitures or claims for failure to comply therewith. Section 5.
Page 295 - section 307(c)(3). Section 18 of the OCSLAA requires the Secretary of the Interior to "prepare and periodically revise and maintain an oil and gas leasing program that will best meet nati.onal energy needs ..." Several Important policy requirements are Imposed on the development of this program, most notably requirements to consider: economic, social, and environmental values of the renewable and nonrenewable resources contained

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