Group Trying For 7-percent Tax On Oil, Gas Abandons State Question

By Dale Denwalt Capitol Bureau ddenwalt@oklahoman.comRestore Oklahoma Now, the group that planned to put a gross production tax increase on the statewide ballot in November, has ended its campaign. Instead, the group's leaders said they will focus on other legislative campaigns and fighting against another campaign to veto the tax increase that lawmakers adopted in March. When Restore Oklahoma Now proposal was first introduced, it would have raised the tax rate on oil and gas production on new wells from 2 percent to 7 percent.Read more on NewsOK.com

 

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