NARO California

Promoting and advocating for the rights of¬†California’s oil and gas, mineral and royalty¬†owners

Tag: Windfall Profits Tax

  • Windfall Profit Tax in California May Come Back Via a “Penalty”

    As if SB-1137 isn’t enough to fight against, in October 2022 Gavin Newsom wanted to bring back the Windfall Profit Tax to California’s oil and gas industry. Throughout the process of getting this approved, that tax changed into becoming a “civil penalty.” This may be thanks to Proposition 13, which requires two-thirds approval from California’s […]