| Bill Tracker, Bills MEIC Oppose

Senator Tom RichmondThis bill changes the threshold from which the oil and gas industry can get a tax break. The bill sets the tax break threshold from $30 a barrel to $54 a barrel for oil wells that use enhanced recovery technology. Currently, the price of oil fluctuates around $53. This means that when the price for oil is equal to or less than $54 industries will receive a greater tax break.

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