On behalf of the Association, White is monitoring discussions between industry and the RRC on this matter. The amendment implements a state law that requires collection of social security numbers of licensees in order to track down those who are delinquent on child support payments. The recent rule change satisfies this concern by limiting the social security number requirement to sole proprietors. IRS Notice 99-46 pegs the marginal production percentage at 24 percent for the year. In contrast, the marginal rate for 1998 was 17 percent.
Neel decision affects the rights and obligations of operators and royalty owners.
Ron Lewis , Chairman of the Texas House Energy Resources Committee.