Oil Producing Counties: State Getting Free Ride. 4 Point Plan.

Background:

• Oil producing counties are a state revenue source. Eagle Ford Shale counties alone contribute $323 million of severance tax receipts a year.
• Unfair revenue exchange with oil counties. In the same year that DeWitt county contributed $57.5 Million in severence taxes, it received $112,000 from the comptroller for money generated from gasoline tax remittances and overweight axle fees
  • Now the oil producing counties are left with dangerous roads. This was the catalyst for a county transportation infrastructure fund grant program 

Tax Proposal: Time for the state to stop getting a “free ride.” Oil counties want the legislature to:

• Establish requirements and timelines on how repairs should be made
• Establish requirements for how the money is distributed — including the loose wording that only requires a county have increased energy production
• Must be an ongoing program for transportation funding
• Must have greater trickle down to the oil producing counties

Victoria Advocate | Texas counties call for oil, gas tax distribution reform