A California Oil Severance Tax

Who Gains? Who Pays?

by Frank Camm, Christopher W. Myers

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Abstract

This report examines the key effects a California oil severance tax would have and pinpoints the lessons that can be learned from California about the effects of severance taxes more generally. The report establishes the range of potential revenues the tax would raise for the state and then estimates what share of these revenues would come from oil producers, refiners, and consumers and what share would come from the federal and other state governments. The research indicates that many California policymakers would find a severance tax attractive.

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