Oil and gas taxes charged by states

• Alaska, 25 percent-50 percent petroleum profits tax, depending on net value of oil and gas.

• Colorado, 2 percent-5 percent severance tax based on gross income.

• Kansas, 8 percent of gross value, less 3.67 percent property tax credit.

• Kentucky, 4.5 percent of gross value, less transportation expenses.

• North Dakota, 6.5 percent of gross value at well.

• Texas, 7.5 percent of market value.

• West Virginia, 5 percent of gross value.

Source: National Conference of State Legislatures/ AP


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