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  2. Frequently Asked Questions
  3. What is the oil and gas emergency school tax rate?

What is the oil and gas emergency school tax rate?

The tax rate depends on the product:

On oil, and on oil and other liquid hydrocarbons removed from natural gas at or near the wellhead, three and fifteen hundredths percent (3.15%) of the taxable value
On carbon dioxide, helium and non-hydrocarbon gases, three and fifteen hundredths percent (3.15%) of the taxable value
On natural gas, four percent (4%) of the taxable value