Scott Inman

Oil & Gas
8:00 pm
Thu January 30, 2014

Reducing Oklahoma oil and gas tax breaks could be a key to a balanced state budget

Tax breaks for certain kinds of oil and gas production will cost Oklahoma millions this year.
Credit OU

Energy production tax breaks will cost Oklahoma $307 million in 2014, and $304 million in 2015.  This year state leaders expect $170 million budget shortfall.  In other words, the expected budget shortfall is about half what the state gives away in tax breaks to oil and gas companies reported Matt Trotter for Public Radio Tulsa.  

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