At a press conference Wednesday, Headwaters Economics will release a report detailing how Colorado, Montana, New Mexico, Utah, and Wyoming choose to tax oil, natural gas, and coal extraction-and how the revenue is spent.
The report shows Colorado has the lowest effective tax rate in the Intermountain West. It also demonstrates that states can increase their effective tax rates with little risk of affecting the local energy economy.
A giant bar graph, perhaps the largest bar graph ever in Colorado, will dramatically illustrate the differences between the 5 states studied in the report.
You'll be able to sit down atop Colorado's three-foot bar on the graph, while Wyoming's bar will loom over you head at about 8 feet tall. That's because the effective oil and gas tax in Wyoming is over twice Colorado's (6.2% for Colorado and 15.9% for Wyoming).
When: Wednesday, Oct. 8, at 10:30 a.m.
Where: Civic Center Park (East side of the park, directly across from the State Capitol)
Tuesday, October 7, 2008
I'm tempted to cancel class tomorrow so I can go see this.
Posted by Seth Masket at 10/07/2008 01:30:00 PM