Compared to five years ago when the economy was flagging, the state of Texas today is collecting billions more dollars in taxes. One reason: the booming oil industry. But is it paying its fair share of taxes? It’s an issue that has other states looking into how Texas taxes the energy industry. Because with the industry doing so well, some want it to pay more.
Read the full story at StateImpact Texas.
Oil production well in Brazos County. (Photo by Dave Fehling)