Oklahoma

Economy, Energy, Natural Resources: Policy to People

“Lawsuit Filed Over 2 Percent Oil and Gas Production Tax”

Earlier in June, StateImpact’s Joe Wertz reported Oklahoma City attorney Jerry Fent was preparing a lawsuit over the constitutionality of a new tax incentive setting the gross production tax rate at two percent for the first three years of an oil or gas well’s operation. Thursday, Fent made it official.


Jerry Fent alleges in his lawsuit that the Legislature violated provisions in the Oklahoma Constitution for revenue bills because the measure was enacted during the last five days of the legislative session, it did not have a three-fourths vote in the House and Senate and its effective date was too soon.

Read more at: newsok.com


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