Severance tax bill considered in Oklahoma

In a recent editorial in Tulsa World regarding Oklahoma’s severance tax bill, the article reviewed a plan set forth by energy companies that would “Set the severance tax on oil and natural gas wells at 2 percent for the first four years. Thereafter, the rate would rise to 7 percent.” The article noted that if the Oklahoma legislature did nothing, the rates would revert to 7 percent after June 2015. For more, read the full story.