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Wyoming has mineral severance taxes to the point that there is no income tax in the state. Over 50% of the state's revenue comes from mineral severance. There i
by planteen 8y ago
Wyoming has mineral severance taxes to the point that there is no income tax in the state. Over 50% of the state's revenue comes from mineral severance. There is also a permanent trust there.
Colorado gets something like $100 million per year from mineral severance.
I'd be shocked if other oil producing states didn't collect severance taxes. What state are you referring to that doesn't collect anything?
- selectodude 8y agoIronically, there's only one state without a mineral severance tax, and it's California.
- planteen 8y agoWow, today I learned something. I am shocked that deep red states (Alaska, Wyoming, Texas) tax something that a deep blue state (California) does not.