Report recommends limited changes to oil tax credits

The Senate Oil and Gas Tax Credit Working Group released a report Dec. 1, 2015.
Gov. Bill Walker is expected to release his budget in the next few weeks. One thing it will likely include? Cuts to tax credits for oil companies.
The state paid out more than half a billion dollars in refundable tax credits this past year — and gave up another half a billion in credits deducted from companies’ tax liabilities.
With a budget hole approaching $3.5 billion, that’s a tempting