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Wed July 30, 2014
In Lawsuit Over Oil and Gas Tax Law, Two Ways to ‘Test’ a Revenue Bill in Oklahoma
The State Supreme Court on July 29 heard a lawsuit and constitutional challenge to House Bill 2562, a measure that would change the effective state tax rate levied on oil and gas production.
Both parties agreed that the measure was written to reduce taxes, but is HB 2562 a “revenue bill?” That definition is important because this court battle isn’t about policy, it’s about procedure.
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