How one state increased taxes on oil & gas in 2020

The state: Colorado

How did Colorado justify increasing the taxes on oil & gas in 2020? Because of a shortfall in the regulatory agency that oversees oil & gas

How did they get both industry & environmental groups both on board?

• industry got a reduction in the levy rate
• environmental groups support the increased levy rate from the current rate

Colorado Sun | Colorado increases tax on oil and gas operators to fund a $3.4 million shortfall in regulators’ budget