SQ795

The Oklahoma Independent Petroleum Association on Wednesday filed two separate state Supreme Court challenges to a proposed state question that would ask voters to end industry discounts and impose a broad 7 percent tax on oil and gas production to fund teacher pay raises and early childhood education.

Joe Wertz / StateImpact Oklahoma

Mickey Thompson has a manila envelope tucked under his arm as he walks towards the Oklahoma Capitol. If the paperwork doesn’t start a fight, it almost certainly will add fuel to one.

Inside the envelope is the handiwork of about 10 people over a couple of months that could clear a path for Oklahoma voters to do something most lawmakers won’t consider: Enact broad tax hikes on oil and gas production to help fund public education.

Joe Wertz / StateImpact Oklahoma

A group led by a long-time energy industry leader wants Oklahoma voters to approve an increase in taxes on oil and gas production to help fund public education.

Currently, taxes on oil and gas production are discounted for the first three years making the effective tax rate somewhere around 3.2 percent. Mickey Thompson with Restore Oklahoma Now on Wednesday filed the paperwork for State Question 795 to increase that rate to 7 percent across-the-board.