Mississippi legislation · 2026 Regular Session
Mississippi SB2858: Gas severance tax; include carbon dioxide within definition of "gas."
Status: Failed, February 25, 2026
AN ACT TO AMEND SECTION 27-25-701, MISSISSIPPI CODE OF 1972, TO INCLUDE CARBON DIOXIDE WITHIN THE DEFINITION OF THE TERM "GAS" FOR PURPOSES OF THE GAS SEVERANCE TAX LAWS; TO AMEND SECTION 27-25-721, MISSISSIPPI CODE OF 1972, TO CONFORM; TO BRING FORWARD SECTION 27-25-703, MISSISSIPPI CODE OF 1972, FOR THE PURPOSE OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 27-25-701, mississippi code of 1972, to include carbon dioxide within the definition of the term "gas" for purposes of the gas severance tax laws; to amend section 27-25-721, mississippi code of 1972, to conform; to bring forward section 27-25-703, mississippi code of 1972, for the purpose of possible amendment; and for related purposes.
From the introduced text:
AN ACT TO AMEND SECTION 27-25-701, MISSISSIPPI CODE OF 1972, TO INCLUDE CARBON DIOXIDE WITHIN THE DEFINITION OF THE TERM "GAS" FOR PURPOSES OF THE GAS SEVERANCE TAX LAWS; TO AMEND SECTION 27-25-721, MISSISSIPPI CODE OF 1972, TO CONFORM; TO BRING FORWARD SECTION 27-25-703, MISSISSIPPI CODE OF 1972, FOR THE PURPOSE OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 27-25-701, Mississippi Code of 1972, is amended as follows: 27-25-701. Whenever used in this article, the following words and terms shall have the definition and meaning ascribed to them in this section, unless the intention to give a more limited meaning is disclosed by the context: (a) * * * "Department" means the Department of Revenue of the State of Mississippi. (b) "Commissioner" means the Commissioner of Revenue * * *. (c) "Annual" means the calendar year or the taxpayer's fiscal year when permission is obtained from the commissioner to use a fiscal year as a tax period in lieu of a calendar year. *SS08/R365.1* S. B. No. 2858 ~ OFFICIAL ~ R3/5 26/SS08/R365.1 PAGE 1 (icj\kr) (d) "Value" means the sale price, or market value, at the mouth of the well. If the gas is exchanged for something other than cash, or if there is no sale …
Sponsors
- Barnett, Juan (D, 34) · primary sponsor
Latest actions
- : Died In Committee
- : Referred To Finance
Subjects: Gas severance tax
Common questions
- What is SB2858?
- SB2858 is a bill in the Mississippi Legislature (2026 Regular Session): Gas severance tax; include carbon dioxide within definition of "gas.".
- What does SB2858 do?
- In its own words: An act to amend section 27-25-701, mississippi code of 1972, to include carbon dioxide within the definition of the term "gas" for purposes of the gas severance tax laws; to amend section 27-25-721, mississippi code of 1972, to conform; to bring forward section 27-25-703, mississippi code of 1972, for the purpose of possible amendment; and for related purposes.
- What is the status of SB2858?
- Failed as of February 25, 2026. Latest action: Died In Committee (February 25, 2026).
- Who sponsored SB2858?
- Barnett, Juan (D, 34).
- Where is the official record for SB2858?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB2858.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.