To reduce the “severance tax” or royalty paid to the state on oil and gas extracted from state land to 4 percent for hydrocarbons extracted using “enhanced recovery” technology, which injects carbon dioxide into wells to force out more product (this is different from hydraulic fracturing). The current tax ranges from 5.0 to 6.6 percent.
25 Yeas / 13 Nays | |
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Democrat (0 Yeas / 12 Nays) | |
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