Nelson's severance tax | Arkansas Blog

Thursday, January 17, 2008

Nelson's severance tax

Posted By on Thu, Jan 17, 2008 at 9:42 AM

Sheffield Nelson, the former Arkla gas CEO and Republican gubernatorial candidate, will shortly unveil his proposal to increase the state's scandalously low severance tax on natural gas. He's having a news conference at 10 a.m.

He's submitted the proposed initiated act to the attorney general's office for review. As soon as we have a copy, we'll post it for your review.

If the petition drive is successful, voters will get a crack at it this fall.

I hope somebody mentions at this morning's news conference -- and hoots derisively -- at the "study" underway at the University of Arkansas on Fayetteville shale gas exploration and its implication for the severance tax. The gas companies exploring the shale -- and trashing roads, polluting water and otherwise causing disruption in their underinspected activities -- are financing the study. It will carry a great deal of credibility with that financial backing if it comes out against a severance tax increase.

We've had our differences with Sheffield Nelson over the years. Not here. Go get 'em, Sheff.

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