Taxing energy

Book · Mon Jan 01 00:00:00 EST 1990

OSTI ID:5847050

Deacon, R; DeCanio, S; Frech, III, H E; Johnson, M B

In this book, the authors have produced an analysis of state energy taxation. Their factual findings are of particular relevance to California and other states in their consideration of severance taxes on oil production. It turns out, for example, that while California's tax burden on oil producers is slightly below average among the states, the combined revenues from taxes and royalties (expressed as a percent of the value of production) indicate that California is not easy on oil producers. In fact, California's oil tax system appears to be particularly well suited to its oil industry. Much of the production in the state is relatively high-cost and economically marginal. The state must tread carefully in taxing this production, lest it force it to be curtailed.

• OSTI ID: 5847050
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
CALIFORNIA
PETROLEUM INDUSTRY
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COST
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ENERGY ACCOUNTING
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ACCOUNTING
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