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Glen Whitley
Diversifying Revenues
43rd
43rd
50.63%
31.68%
3.86%
3.05% 2.63%0.45% 7.69%
Property
Sales
Motor Vehicle
Gas
Severance
HOT
Other
43rd
Type Millions %
Property $59,405.0 50.63%
Sales $37,177.4 31.68%
Motor Vehicle $4,532.3 3.86%
Gas $3,583.7 3.05%
Severance $3,090.1 2.63%
Hotel (HOT) $530.7 0.45%
Other $9,021.4 7.69%
Total $117,340.6 100.0%
Taxing Entity
Property(50.63%)
Sales(31.68%)
Motor Vehicle(3.86%)
Gas(3.05%)
Severance(2.63%)
Hotel(0.45%)
State
Counties
Cities
Schools
Special Districts
43rd
X =
43rd
43rd
43rd
43rd
• First purchaser of crude oil must pay tax based on crude oil market value
• Rate ‐ 4.6% of market value of oil
• Over $3 Billion in 2017
• 2.63% of State and Local Tax Revenue
43rd
43rd
Diversifying Revenues
TaxCurrent Rate
Revenue Generated (millions)
Measuring UnitRevenue Generated (millions)
Property Varies $59,405 N/A N/A
Sales* 8.25% $37,177 1% $4,506
Motor Vehicle 6.25% $4,532 1% $725
Gas* 20¢ $3,583 1¢ $179
Severance 4.6% $3,090 1% $672
State Hotel* 6% $530 1% $88* Other People’s Money
43rd
43rd
Thank You