Hearing before the Subcommittee on Energy and Agricultural Taxation of the Committee on Finance, Senate (July 24, 1985, S. hrg. 98-1154)


Testimony to consider Senate Bill 463, the Severance Tax Equity Act, to limit the rate of state severance taxes on oil, natural gas, and coal to allow recovery of only directly involved production costs. This bill was intended to protect consumers in energy-poor states from paying higher energy prices due to severance taxes.