|
|
|
|
|
|
|
|
|
|
|
Taxing Oil and Gas Production
|
| By Jacquelyn Pless |
Vol . 20, No. 18 / May 2012 |
General Information
Member Reminder: You must login first to get your free copy.
|
|
Thirty-one states have some kind of oil and gas production tax.
|
Severance taxes—excise taxes imposed on natural resources extracted from the earth—provide a significant stream of revenue for energy-rich states. In 2010, they generated more than $11 billion in the United States. Alaska, Montana, New Mexico, North Dakota, Oklahoma and Wyoming received between 10.5 percent and 74.3 percent of their state tax revenue from severance taxes in 2010, according to the U.S. Census Bureau. Pennsylvania remains the largest natural gas-producing state without a severance tax, and some argue it may have already cost the state more than $300 million in lost revenue.
|
| |
Read more ... Order and download the PDF now.
|
|
|
|
|
|
|
|
|
|
|
Issues & Resources
Find the NCSLstaff member who handles the issue in which you are interested.
NCSLprovides access to current state and federal legislation and a comprehensive list of state documents, including state statutes, constitutions, legislative audits and research reports.
Members
As legislators and legislative staff, you are part of the nation's largest, most influential and only bipartisan organization of state legislators and staff.Learn about the resources NCSL has for you.
NCSL offers an array of services for legislative staff. Find out what's available.
|
|
|
|
|
|
|
|
|
|
| ©2013 National Conference of State Legislatures. All Rights Reserved. |
|
|
|