OKLAHOMA INDEPENDENT PETROLEUM ASSOCIATION v. POTTS
Supreme Court of Oklahoma
1Opinion of the CourtCombs, C.J.
¶ 1 On December 20, 2017, Respondents Michael O. Thompson, Ray H. Potts, and Mary Lynn Peacher (collectively, Proponents) filed Initiative Petition No. 416, State Question No. 795 (IP 416) with the Oklahoma Secretary of State. IP 416 would create a new Article XIII-C in the Oklahoma Constitution. IP 416 contains 8 sections, which Proponents assert will levy a new 5% gross production tax on oil and gas production from certain wells, and provide for the deposit of the proceeds primarily in a new fund entitled the "Oklahoma Quality Instruction *353 Fund" (the Fund). Monies from the Fund will be…
Also in this document: Concurrence.
2Cases cited42 opinions
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