Tax break for horizontal drilling

Ponca City Now - January 4, 2014 10:39 am

OKLAHOMA CITY (AP) – House Speaker T.W. Shannon says he wants to extend a generous tax break for horizontal drilling in Oklahoma, saying the incentive is encouraging economic activity in the state. Shannon issued a statement yesterday saying he intends to introduce a bill that would make permanent the tax break for horizontal drilling that was initially implemented in the 1990s when such drilling was experimental and very costly.

 

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