A bill that would exempt oil and gas wells from taxation has been sent to floor of the Idaho House without much fanfare.
The bill, HB 141, treats oil and gas wells the same as geothermal wells and irrigation wells, at least everywhere but Bonneville County, which taxes irrigation wells. Idaho code is apparently silent on those wells.
The Idaho Petroleum Council brought the legislation to put Idaho in line with other states and with other similar economic activities in Idaho.
“You don’t tax the mine shaft,” said Suzanne Budge, executive director of the Petroleum Council. “You tax what comes out of it.”