LETTER TO THE EDITOR: Raise the oil and gas production tax

We have read the column of the September 29 column of the Oklahoma Petroleum Gas Association, but we can not agree. Why are the oil and gas taxes in other states higher than in Oklahoma? In 2016, Arkansas's oil and gas industry paid 12% severance and VAT for 3% in Texas. 2% in Oklahoma

Even 7% of Oklahoma State will be the lowest production tax rate in the country.

Oil and gas mining also causes problems such as earthquakes and water pollution, and our education and medical budget is decreasing. In addition, institutions that supervise earthquakes, water pollution, and wastewater infusion also reduce annual budgets.

This special legislative meeting has to anticipate the future of Oklahoma rather than the industry's interests. In order to let them know what they think about our state 's dangerous budget situation we must all contact our delegates - Collie Williams, Greg Babbi Neck and Dennis Casey, and Senator Dagger.

Texas has three major oil and gas taxes. In Texas, 4.6% oil production tax per barrel, 7.5% natural gas production tax, and 3/16 cents oil tax. According to the auditor, oil production and regulatory tax is expected to generate 2 billion dollars in 2010 - 2010 and 1.9 billion dollars in 2012 - 13. One of the proposals that natural gas taxes will result in an increase in natural gas tax is to abolish or limit the reduction in tax rates for expensive natural gas extraction. According to the LBB, the exemption fee for 2011 was $ 962.5 million. Exemption from high cost natural gas wells certified by the railway committee due to high operating costs or types of drilling techniques used

We have read the column of the September 29 column of the Oklahoma Petroleum Gas Association, but we can not agree. Why are the oil and gas taxes in other states higher than in Oklahoma? In 2016, Arkansas's oil and gas industry paid 12% severance and VAT for 3% in Texas. 2% in Oklahoma

Texas raises funds using 6.25% sales tax, automobile sales and fuel taxes, and taxes and royalties on oil and gas production. There is no corporate income tax in Texas state and there is great aid of oil and gas throughout the state and the Gulf of Mexico. According to the Tax Foundation, the average domestic and local taxation per capita in 2011 is 3,088 dollars, ranked eighth among all 50 states. Washington is a good example of checking all data. The state raises its own funds mainly through sales tax of 6.5% which accounts for more than 60% of income. As this has been added to the area, the sales tax in some areas can be as high as 9.5%. There are no corporate income taxes in the state, but there is a gross income tax, which accounts for about 1% of revenue. This may not seem a big deal, but even if the company loses money, it will have government funds through the end of the year, and corporate income tax is not.