Letter: It’s time to modify oil and gas tax ‘holiday’ – Billings Gazette, March 24, 2013

March 25, 2013

Categories: Letters, Oil and gas

http://billingsgazette.com/news/opinion/mailbag/it-s-time-to-modify-oil-and-gas-tax-holiday/article_0d493dd1-ccab-569a-a5fa-6431418d52e4.html

With tax season coming up, there is an opportunity for Montanans to not only focus on who is paying, but also to point out those who don’t have to pay taxes.

This year, I feel we should turn our focus to the oil and gas companies that do not pay even 1 percent in taxes the first 12 to 18 months they work in Montana.

Why?

The answer goes back to the early ’90s when our Legislature wanted to induce these companies to come and work our oil and natural gas resources. At the time, it seemed like a great idea … until the profits started to roll in and we never told them it was time to start paying again to work in Montana.

Well, the time has come for the Legislature to bring some tax fairness back to our state for oil and gas companies.

The time has come to either get rid of the “holiday” or modify the law these companies take at the expense of our communities and landscapes to take advantage of our good intentions.

It’s time to bring to these companies back to reality and have them come home from the holiday they’re on at the expense of Montana’s taxpayers who are paying their full freight to live and work here.

Chantel McCormick
Bozeman

 

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