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Dec 17, 2015 11:00:00 AM

States Scramble to Replace Plummeting Oil Tax Revenues

Alaska’s governor unveiled a controversial new state budget proposal earlier this month, and the provisions in the plan should be of interest to businesses operating in states that are heavily dependent on oil tax revenues, such as Louisiana, Texas and North Dakota. The governor’s plan is designed to close a $3.5 billion deficit in state revenue created, in part, by falling oil prices.

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Topics: Amnesty, Budgets, Oil Tax Revenue