Colorado Raising Taxes on Oil, Gas Drillers by $4.8M

February 13, 2018

DENVER (AP) — Colorado oil and gas regulators are raising taxes on energy developers to help pay for the environmental impacts of drilling.

The Colorado Oil and Gas Conservation Commission approved a plan on Monday to raise $4.8 million more in taxes by charging 0.11 cents on every dollar of oil and gas produced.

The industry supported the increase.

Local governments and environmentalists...


Read entire article at U.S. News & World Report.

 

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