Go Symbol Lookup
Loading...

Recent oil and gas tax proposals in the states

 Text Size  
Published: Wednesday, 3 Oct 2012 | 12:01 AM ET
By: The Associated Press

The status of some states' proposals to change oil and gas severance taxes since 2011:

_ ALASKA: Governor's proposed oil tax cuts failed to gain approval.

_ FLORIDA: Oil production taxes reduced to offset technological costs of extraction.

_ IDAHO: Replaced an existing oil tax with a 2.5 percent conservation tax on the market value of all oil and gas produced.

_ MARYLAND: Two proposals to raise the natural gas severance tax died.

_ MISSISSIPPI: Proposal died that would have changed the way oil taxes are distributed at the state and county levels.

_ NORTH CAROLINA: Environmental agency ordered to study economic and tax implications of oil and gas exploration.

_ NEW MEXICO: Proposed increases on oil and gas production died.

_ OHIO: Governor's proposed severance tax increase on oil, natural gas and natural gas liquids is in negotiation as session continues.

_ OKLAHOMA: Changed tax exemptions on new horizontally drilled and deep wells.

_ PENNSYLVANIA: Attempts to craft a new production tax on natural gas failed to gain approval, as lawmakers opted to impose impact fees instead.

_ VIRGINIA: A proposal to retroactively enact local notification and appeals provisions for coal, gas and road improvement taxpayers back to 2008 fizzled.

_ WEST VIRGINIA: Tax increase on natural gas failed to gain approval, but permit fees were raised.

___

Sources: National Conference of State Legislatures, AP research

 Print
_ ALASKA: Governor's proposed oil tax cuts failed to gain approval. _ FLORIDA: Oil production taxes reduced to offset technological costs of extraction. _ IDAHO: Replaced an existing oil tax with a 2.5 percent conservation tax on the market value of all oil and gas produced.

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments: