Sheffield Nelson proposes new severance tax | Arkansas Blog

Wednesday, June 15, 2011

Sheffield Nelson proposes new severance tax

Posted By on Wed, Jun 15, 2011 at 7:12 PM

This is news to me, but Channel 4 is reporting that Sheffield Nelson, the former gas company executive who's been a clarion call for a heavier levy on gas producers in the Fayetteville shale, is talking about an initiated act for the 2012 ballot. It sounds like a new tax on gas production to produce money to cover damage to streets and highways damaged by gas drilling rigs. If it's $20 million a year, it's a pittance, really. But it's a start. I'd like to hear more.

No matter what he says, I still think he might run for governor in 2014.

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