A quantitative description of state-level taxation of oil and gas production in the continental U.S

Jeremy Weber, Yongsheng Wang and Maxwell Chomas

Energy Policy, 2016, vol. 96, issue C, 289-301

Abstract: We provide a quantitative description of state-level taxation of oil and gas production in the continental U.S. for 2004–2013. Aggregate revenues from production taxes nearly doubled in real terms over the period, reaching $10.3 billion and accounting for 20% of tax receipts in the top ten revenue states. The average state had a tax rate of 3.6%; nationally, the average dollar of production was taxed at 4.2%. The oil-specific rate estimated for the study period is $2.4 per barrel or $5.5 per ton of carbon. Lastly, state-level tax rates are two-thirds higher in states excluding oil and gas wells from local property taxes, suggesting that the policies are substitutes for one another.

Keywords: State policy; Oil and gas taxation; Effective rates (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (12)

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Working Paper: A Quantitative Description of State-Level Taxation of Oil and Gas Production in the Continental U.S (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:96:y:2016:i:c:p:289-301

DOI: 10.1016/j.enpol.2016.06.008

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