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April 28th, 2017
In The Know is your daily briefing on Oklahoma policy-related news. Inclusion of a story does not necessarily mean endorsement by the Oklahoma Policy Institute. Click here to subscribe to In The Know and see past editions. Check out OK… Read more
April 27th, 2017
Oklahoma Policy Institute released the following statement in response to the Legislature’s passage of HB 1913: It is very disappointing that the Legislature has approved HB 1913. This bill was ​drafted ​and lobbied aggressively by the payday loan industry​. By… Read more
April 27th, 2017
In The Know is your daily briefing on Oklahoma policy-related news. Inclusion of a story does not necessarily mean endorsement by the Oklahoma Policy Institute. Click here to subscribe to In The Know and see past editions. Check out OK… Read more
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0.3%

Effective state corporate income tax rate paid by Devon Energy in from 2008-2015. Over that period, the company made $21.76 billion in profits but paid only $71 million in corporate income taxes, more than $1.2 billion less than if the company paid Oklahoma’s official corporate income tax rate of 6% 

Source: Institute on Taxation and Economic Policy

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“We have to come together with our partners, like this wonderful group of energy partners that has come together with us and said, ‘we set the rate too low. We have to look forward to bringing in new recurring dollars, and there is nothing more important to fund besides those core services than our future. And our future is our children.’”

– House Appropriations and Budget Chair Leslie Osborn (R-Mustang), on the Oklahoma Energy Producers Alliance’s suggested gross production tax increase (Source)

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