Senate clarifies taxation of oil and gas production; bill to reinforce gross production tax passes after debate The Senate passed SB 2-27, clarifying that certain means of oil and gas production are taxable under the gross production tax rather than local ad valorem tax. Supporters said it prevents double taxation; opponents warned it could reduce county and school revenue and urged broader study of fiscal impacts.

The Oklahoma Senate just passed a controversial bill that redefines how oil and gas production is taxed, sparking fierce debate over potential impacts on local revenue.

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#OK #LocalRevenue #EnergyTaxation #CitizenPortal #FiscalPolicy

New York Assembly passes bill modifying solar wind energy tax assessments Assembly legislation aims to change tax assessment for solar and wind energy projects.

Cayuga County legislators are fighting back against proposed bills that could slash funding for local services by altering tax assessments on renewable energy projects.

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#CayugaCounty #NY #EnergyTaxation #CitizenPortal #LocalGovernment #RenewableEnergy

Montana legislature debates coal and electrical energy tax reforms House Bill 326 proposes taxing electrical energy production while exempting coal severance tax.

The Montana Legislature faces a critical showdown over energy taxation that could reshape the state's economy—will coal remain untaxed while electrical energy producers bear the burden?

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#MT #CrossBorderTrade #EconomicStrategy #CitizenPortal #EnergyTaxation #MontanaEnergy

Illinois imposes new tax rates on diesel and alternative fuel sales Illinois establishes increased taxes on diesel fuel, liquefied natural gas, and propane.

Illinois is on the brink of a major shift in fuel taxation that could redefine its economic landscape and push for cleaner energy solutions.

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#IL #ClimateChange #CitizenPortal #EnergyTaxation

#energyefficiency #energytaxation #renewableenergy #hydrogen #gas #oil #Russia #Ukraine #Commission #directive