Beebe: Oil Companies "Challenged," "Warned" on Severance Taxes - KAIT Jonesboro, AR - Region 8 News, weather, sports

Hot Springs, AR

Beebe: Oil Companies "Challenged," "Warned" on Severance Taxes

HOT SPRINGS, AR - Governor Beebe says he has challenged companies exploring Arkansas' rich natural gas fields to come up with support to raise the state's severance taxes, or face a voter-led initiative in 2009 that will have his support.

Speaking yesterday at Hot Springs to the Association of Arkansas Counties, Beebe said he had warned the industry that, between now and 2009, there will be efforts to try to increase the severance tax to what is fair.

Arkansas taxes companies on the volume of gas produced, unlike most states that charge by market value.  A report earlier this year by those proposing a raise in the severance tax said Arkansas' severance tax ranks as one of the lowest in the country.

(Copyright 2007 by The Associated Press.  All Rights Reserved.)

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • City frustrated with inconsistent mailing service

    City frustrated with inconsistent mailing service

    Tuesday, December 12 2017 11:23 PM EST2017-12-13 04:23:40 GMT
    Wednesday, December 13 2017 9:03 AM EST2017-12-13 14:03:57 GMT
    (Source: KAIT)(Source: KAIT)

    For months the city of Hoxie has dealt with inconsistent mailing services with the U.S. Postal service in town.

    For months the city of Hoxie has dealt with inconsistent mailing services with the U.S. Postal service in town.

  • Soldier surprises kids at school

    Soldier surprises kids at school

    Tuesday, December 12 2017 10:15 PM EST2017-12-13 03:15:06 GMT
    Wednesday, December 13 2017 9:02 AM EST2017-12-13 14:02:34 GMT
    (Source: Poplar Bluff Middle School via Facebook)(Source: Poplar Bluff Middle School via Facebook)

    A soldier in the Missouri Army National Guard surprised his fifth grader during an assembly on Dec. 8 in Poplar Bluff.

    A soldier in the Missouri Army National Guard surprised his fifth grader during an assembly on Dec. 8 in Poplar Bluff.

  • A-State Chancellor surprises graduate student who couldn't attend ceremony

    A-State Chancellor surprises graduate student who couldn't attend ceremony

    Tuesday, December 12 2017 10:23 PM EST2017-12-13 03:23:22 GMT
    Wednesday, December 13 2017 8:59 AM EST2017-12-13 13:59:51 GMT
    (Source: Arkansas State University via Facebook)(Source: Arkansas State University via Facebook)

    One student at Arkansas State University couldn't attend the graduation ceremony over the weekend, so Dr. Kelly Damphousse made a special delivery Tuesday.

    One student at Arkansas State University couldn't attend the graduation ceremony over the weekend, so Dr. Kelly Damphousse made a special delivery Tuesday.

Powered by Frankly