AG rejects Nelson's proposal to raise natural gas severance tax

Bby Jason Wiest, Arkansas News Bureau: Attorney General Dustin McDaniel on Friday rejected the wording of former gas company executive Sheffield Nelson's proposed initiated act to raise the state severance tax on natural gas. McDaniel said the proposal did not clearly designate how the proceeds would benefit higher education and made it unclear as to how much money would continue to be allocated in the manner it is currently allocated. How the money would flow from gas companies to the state and then on to state agencies, while of less concern to voters, was also unclear, the attorney general said. Nelson said he expected to resubmit the proposal next week. . . . [Read More] See also: Maybe two severance tax hikes before voters this year, Beebe suggests

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