Tag Archives: big trigger

Oil Industry Takes "Significant Blow" As Tax Exemption Fails To Trigger

Oil Industry Takes "Significant Blow" As Tax Exemption Fails To Trigger

The dreaded and much-talked-about “big trigger” oil tax exemption will not go into effect on June 1 as a slight rebound in oil prices will put the average price for the month of May above the trigger price. If the exemption had triggered it would have eliminated the state’s 6.5 percent oil extraction tax entirely,

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