Effects of a severance tax on oil produced in California

Book · Fri Jan 01 04:00:00 EST 1982

OSTI ID:6783320

Camm, F; Myers, C W; Argueden, R Y; Bell, S J; Jacobsson, T

This report examines the effects of a new severance tax on tax revenues collected from California oil properties, the share of the tax borne by California oil producers, refiners, and consumers, and the pattern of oil production in the state. Our analysis centered around three basic questions: how much net revenue would a severance tax raise for state and local governments in california; who would pay the tax; and how would the tax affect the production of oil within California. Results of the study reveal that the net revenus yield would be high on most properties in the state. A new severance tax on California oil production would be paid principally by governments outside California and refiners and producers operating within California. Most small producers could easily be exempted without reducing revenues much. The tax could affect final consumers very little. Tax effects on production would be small in the short terml; they might grow slowly over time. (DMC)

• OSTI ID: 6783320
• Report Number(s): RAND/R-2940-CSA; ON: DE83900972
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
CALIFORNIA
ECONOMIC IMPACT
ENERGY SOURCES
FEDERAL REGION IX
FOSSIL FUELS
FUELS
INDUSTRY
NATIONAL GOVERNMENT
NORTH AMERICA
PETROLEUM
PETROLEUM INDUSTRY
PRICES
PRODUCTION
SEVERANCE TAX
STATE GOVERNMENT
TAXES
USA