Oklahoma Senate Passes Resolution To Increase State's Gross Production Tax

The Oklahoma Senate presented and passed a resolution Thursday asking the state House to increase Oklahoma's gross production tax (GPT). State senators met late Thursday morning, a day after a budget plan failed to achieve 75 percent approval in the House on Wednesday. That budget plan included new taxes on cigarettes, gas and alcohol among other things. It did not, however, include an increase in the gross production tax on oil and gas -- something Democrats said they need in a bud...