Severance Tax

As I posted previously, I will be in Little Rock on Monday to begin the special session that will deal mostly with the severance tax issue. I am on record as supporting the increase from.3% (the lowest in the nation) to 5%, with the proceeds dedicated to the infrastructure of our highways. There is overwhelming support in the legislature and from our constituents to do so. There has only been extremely mild sentiment against the increase. Also on board with this proposal are the gas companies themselves, and the royalty owners association. Looks like a done deal to me.