SQ795

This Week in Oklahoma Politics, KOSU's Michael Cross talks with Republican Political Consultant Neva Hill and sitting in for Ryan Kiesel is Oklahoma City Democratic Representative Forrest Bennett about approval by the State Supreme Court for an initiative petition which if it gets enough signatures and passed by voters would increase gross production taxes to 7% to pay for teacher raises, several proposals get pushed at the State Capitol in an attempt to avoid a teacher walkout & the chairman of the Senate Appropriations Committee tells the director of the Department of Corrections ther

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.