State Taxation of Natural Resources

Archive Report


The right to reproduce material contained in Editorial Research Reports is strictly reserved to the newspaper clients of the service. Verbatim use of such material by others will be permitted only upon written authorization of the editor.

Richard M. Boeckel., Editor.

Natural Resources as Source of New State

Severance Taxes to Meet Social Security Costs

All of the 43 state legislatures meeting in regular session next year1 will be on the hunt for new sources of revenue. Many of them will be faced with the necessity of raising tax funds to finance newly-enacted social security measures. Some will be forced to find substitutes for expiring sales taxes, against whose renewal many of their members were pledged in the 1936 campaigns.2 “Under such circumstances, a number of states are ...

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