The State Hornet

Oil severance tax passes Senate committee

State Hornet Staff

May 13, 2014

An oil severance tax that would generate $1 billion towards education was passed by the California Governance and Finance committee May 9.The bill, authored by Sen. Noreen Evans, would impose a 9.5 percent fee for each barrel of oil and generate $2 billion to be split in half between higher education,...

California bill would tax oil companies, fund higher education

Jonathan Ayestas

March 5, 2014

California Senator Noreen Evans introduced the California Fair Resources and Reinvestment Act in February, with hopes it will give more money to universities in California. The bill would impose a 9.5 percent extraction tax on oil companies that pull resources from the ground or water in Califo...