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