This bill aims to revise the taxation framework for horizontally recompleted wells by amending specific sections of the Montana Code Annotated (MCA) and previous legislation. It specifically amends Sections 15-36-303 and 15-36-304 of the MCA, as well as Sections 12 and 13 of Chapter 559 from 2021. Additionally, the bill repeals several sections (3, 4, 5, 8, 9, 10, and 14) from the same 2021 chapter, indicating a significant overhaul of the existing tax regulations related to these wells.

The proposed changes are intended to streamline the taxation process and potentially adjust the tax rates or criteria for horizontally recompleted wells, although the specific details of the amendments and repeals are not provided in the summary. The bill also establishes effective dates for the new provisions, ensuring that the changes are implemented in a timely manner.

Statutes affected:
HB0469_1.pdf: 15-36-303, 15-36-304
HB0469_2.pdf: 15-36-303, 15-36-304
Amended: 15-36-303, 15-36-304
Introduced: 15-36-303, 15-36-304