Gross Production Tax Fact Sheet

A new fact sheet from Oklahoma Policy Institute looks at Oklahoma’s gross production tax and takes a specific look at the tax exemptions that are offered for different forms of oil and gas production.  Over the past seven years, producers have claimed $517 million in exemptions, or rebates, from the gross production tax, with at least three-quarters of the rebates claimed for deep well drilling and horizontally drilled wells.

Click here to download the fact sheet.

Blog post: “I don’t need it, but I’ll take it”: Revisiting oil and gas tax breaks

Blog post: Stand back! We don’t know how big these things will get

Presentation by Prof. Steve Agee to the House Appropriations and Budget Commitee on gross production tax exemptions, January 2009