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.
This report is part of the RAND Corporation report series. The report was a product of the RAND Corporation from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.
Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.