A complex formula now determines how much gross production tax revenue
goes back to the counties and how much goes into assorted state
accounts, including a voter-approved state Legacy Fund that collects 30
percent of oil tax revenue for the future.
With the level of production Williams County has currently, the state
gets 90 percent of the gross production tax and 10 percent goes back to
the county.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.