Full Title: The Challenge of State Reliance on Revenue from Fossil Fuel Production
Author(s): Adele Morris
Publisher(s): Brookings Institute
Publication Date: August 1, 2016
Full Text: Download Resource
Description (excerpt):
Taxes on oil, natural gas, and coal can be attractive to state governments in part because mineral assets are immobile and because states may be able to pass along some of the tax burden to energy consumers outside their states. But despite these taxes’ efficiency and distributional advantages, relying too much on them poses real downside risks for states.