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Energy & Environment

Why Alaska Is Reconsidering Texas-Inspired Oil Tax Cut

With oil production soaring, states are reconsidering how they tax the energy industry.



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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.jpgOil production well in Brazos County. (Photo by Dave Fehling)