Commissioners Fight Plan to Get Rid of Tax Credit

By: KKCO - Email
By: KKCO - Email

Mesa County Commissioners are fighting a state plan that decides how to spend severance tax money from oil and gas companies.

Supporters of initiative number 113 are collecting signatures to get it on the November ballot. It would get rid of a tax credit for oil and gas companies and could add more than 100-million dollars to the budget.

The initiative would change the way that money is distributed.

Mesa county signed a resolution against the plan written by Club 20.

The resolution says the plan could be bad for the economy by putting more of a tax burden on the industry. Opponents claim local tax revenues would decrease. While supporters claim overall local communities would still get a bigger piece of the pie.

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