Increased gross production taxes are fueling state's revenue boom - Oklahoma Policy Institute
Strong oil and gas tax collections, due in substantial part to lawmakers’ willingness in 2017 and 2018 to restore the gross production tax to higher rates, are a major contributor to the state’s fiscal health. They are resulting in a large anticipated deposit to the Rainy Day Fund and to both significant funding increases and increased savings as part of the FY 2020 budget.