A Sensible Solution
The cost of Oklahoma’s tax break for horizontal drilling has skyrocketed, and it is draining funding from Oklahoma schools. By allowing the tax break to expire, more than $250 million could be made available to Oklahoma schools, enough to restore funding that was cut during the recession. Revenue from eliminating the tax break could boost school funding by as much as $370 per pupil this year.
Learn the facts from this infographic. Click the image to see a full-size version.
What would that mean for your kids’ school?
Download our district fact sheets here to find out exactly how much ending the tax break for horizontal drilling could benefit your school district in total and per pupil funding.
Why is it important to speak out today?
The tax break is scheduled to phase out next year, but executives for three of the largest oil companies in Oklahoma are pushing to make the tax break permanent at 2% for both horizontal and vertical wells.
There has been no bill moving through the public process on this issue, but there have been closed door negotiations with members of the oil and gas industry. Most Oklahomans agree that we should let this tax break expire. Even some prominent members of the oil and gas industry say that eliminating the tax break won’t slow down drilling. So who do our legislators work for?
TAKE ACTION: Tell legislators to end this unnecessary tax break
- Reach your State Representative at (405) 521-2711 or 1-800-522-8502
- Reach your State Senator at (405) 524-0126 or 1-800-865-6490