severance tax

5:13 pm
Tue February 12, 2013

Oil Severance Tax Proposed; Would Fund CA Parks, Higher Ed

An active oil well sits near the Stockdale Tower in Bakersfield
Credit Joe Moore / Valley Public Radio

  Democratic lawmakers are calling for a new tax on oil removed from the ground in California – with the money going toward state parks and higher education.

Senator Noreen Evans is one of the bill’s co-authors.  She says the revenue would fill two of the state’s most critical funding needs.  And she says California is the only oil-producing state in the nation without an oil severance tax.

“This is not a tax on taxpayers, and studies have shown that an oil extraction tax does not contribute to the cause of gasoline at the pump.” 

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