Oklahoma

Economy, Energy, Natural Resources: Policy to People

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How Low Oil Prices Could Block an Oklahoma Tax Cut

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Gov. Mary Fallin in April 2014 signed into law a measure designed to gradually lower Oklahoma’s top income tax rate to 4.85 percent from 5.25 percent. But those income tax cuts only go into effect if Oklahoma’s revenues rise, and the slumping price of crude oil — $63.57 per barrel of West Texas Intermediate at [...]

Inside the State Supreme Court Hearing on Lawsuit Over Oil and Gas Tax Rate

A lawsuit over recently signed legislation that changes state oil and gas tax rates will be heard by the Oklahoma Supreme Court today, a constitutional challenge that could have broad impact on industry and legislative procedure. I broke down the lawsuit on an Oklahoma News Report segment with OETA’s Dick Pryor, which you can watch [...]

StateImpact on OETA: Possible Lawsuit Over Recently Signed Drilling Incentive

I was on Oklahoma News Report last week to discuss the controversial tax incentive for oil and gas drilling, which Gov. Mary Fallin signed on May 28. The bill is likely to draw a legal challenge from an Oklahoma City attorney, who says it’s a “revenue bill” that was passed without some of the legislative [...]

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