Search Results for: oil and gas tax holiday

From Washington to Helena, we subsidize the most profitable oil companies with billions of dollars of unnecessary tax breaks and direct subsidies

Oil companies are among the largest and most profitable corporations in the United States, and yet our government gives them billions of dollars in tax breaks and subsidies, many of these sponsored by elected officials who receive huge contributions from … Continue reading

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Guest editorial: Senate Bill 374 ensures oil companies pay their fair share

The following editorial appeared in Butte’s Montana Standard on March 11. SB374 will be debated before the Senate Taxation Committee on Wednesday, March 18. If you support this bill, follow directions for contacting your representatives at the end of this … Continue reading

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Support SB374, which would provide infrastructure support for Montana communities impacted by oil and gas drilling

Montana’s oil and gas tax holiday, instituted by the legislature in the 1999, provides a huge and unnecessary tax break to oil and gas companies. They pay a tax of only 0.5 percent of the production value for the first … Continue reading

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Oil and gas: 10 lessons for 2015

2014 was a tumultuous year along the Beartooth Front. It began with our communities reeling from an announcement by Energy Corporation of America that the company planned to bring “a little bit of the Bakken” here, a quick drilling permit … Continue reading

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Let’s not choose oil development over tourism in Carbon County

When Energy Corporation of America (ECA) presented at the Carbon County Commission meeting on September 8, Commissioner John Grewell asked (starting at 5:27), “Do you have any idea how much money your company’s put into the County’s funding through these … Continue reading

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Infrastructure, roads and taxes: you pay when the cost goes up

From time to time we’ve talked about the impact of expanded oil and gas drilling on regional infrastructure — the basic facilities and structures needed for a community to operate. These include road maintenance, schools, health care, law enforcement, sewage … Continue reading

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How drilling tramples on property rights and lowers home values

One myth about oil and gas drilling is that it creates riches in a community in the form of increased property values. “With all the new jobs,” the industry says, “buyers will be falling all over themselves to buy your … Continue reading

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Who booms and who busts when drilling expands along the Beartooth front?

You may have seen the recent study that showed that rents in the Bakken are higher than anywhere else in the country. It’s amazing to see what a one-bedroom apartment costs, with Williston and Dickinson way ahead of Boston, New … Continue reading

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The Montana Oil and Gas Holiday Needs to End

Since the mid-1990s the Montana legislature has granted a tax holiday to oil and gas producers. They pay a tax of only 0.5 percent of the production value for the first 12 months of production on all wells and 18 … Continue reading

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Montana legislature to eastern Montana: your infrastructure, your problem

The Montana legislature has failed once again to pass a bill that would support the increased infrastructure needs caused by oil and gas drilling in eastern Montana. As the semi-annual legislative session closed this week, two bills that would have … Continue reading

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