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Posts tagged
'fracking'

UPDATE: Legislature overrides governor's veto of tax break for fracking business

By a vote of 55-41, the House today overrode Gov. Mike Beebe's veto of a $5 million tax break for suppliers of fracking sand and other materials used in the fracking process to drill for gas and oil.The Senate followed soon after, voting 26-7 to override. A public interest group may sue over the measure, which appears to have been unconstitutionally adopted.
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Veto battle: The constitutionalists don't like the constitution when it works against them

Word comes from the Capitol that the Koch-financed political operators are pushing hard for the legislature to override Gov. Mike Beebe's veto of non-germane legislation to provide a $5 milllion tax break for suppliers of fracking sand and other similar material used to prop open fissures in rock to drill for gas and oil. Simple question: Why do these professed constitutionalists hate the Arkansas Constitution?
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A tale of two states: Texas and Arkansas and the shale boom

Smart money says the Republican majority will override Gov. Mike Beebe's veto of a tax break on sand used in fracking for gas and oil. It's clearly an unconstitutional measure because it didn't get the two-thirds vote necessary to consider non-fiscal items in a budget session. But it's also bad policy and a sweetheart deal.

Legislators as judges: Anything for a tax break for the frackers

Republicans seem dead-set on overriding Gov. Mike Beebe's veto of transparently unconstitutional legislation to guarantee a tax break on tracking sand, a $5 million hit on the treasury through the subterfuge of declaring sand "equipment." If the law meant anything, they wouldn't.
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Beebe defers action on dubious tax break

Gov. Mike Beebe has signed all the legislation from the fiscal session except HB 1048, which contains the almost certainly unconstitutional tax break for fracking sand added to the bill by fracking industry ally Sen. Jonathan Dismang. Could that mean a line-item veto is possible? Will the special interests stand for it?

Fracked: How energy companies, particularly Chesapeake, profiteer

The Arkansas legislature just passed a piece of unconstitutional legislation sponsored by Sen. Jonathan Dismang to cut an energy company's cost of business in Arkansas by $4 million by relabeling the sand injected underground for fracking as tax-exempt "equipment." It's symbolic of the shafting written much larger in shale gas plays around the country, led by the likes of Chesapeake Energy.
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Again with the 'special language': Dismang wins frackers a tax break

Despite a warning from state finance officials that the proposal is unconstitutional, Sen. Jonathan Dismang won approval on a revote today of his proposal to give a $5 million-a-year tax break to the fracking industry by exempting materials injected in wells from the sales tax.

A tax break for frackers fails in committee

The special language subcommittee of the Joint Budget Committee is where the smelliest blood sausage of the legislature gets made. Today, Sen. Jonathan Dismang used it to attempt to insert a tax break for fracking sand into the law, outside of the usual process of voting it through both houses of the legislature.
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Arkansas Catholic delves into fracking debate and activism by priest, nuns

More public policy information in Arkansas Catholic. a five-article package of coverage of fracking — the exploration for oil and gas through hydraulic fracturing.

Morning notes: Fracked in Texas, arrested at Walmart, another Legislative Audit witch hunt

Great story from Texas on contamination of water wells by, according to the EPA, tracking activities nearby.
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The open line: Arkansas Baptist College; Metropolitan Bank bidder; fracker subsidy; gun nuttery

The line is open after one busy day. Final stuff:

Fracking documentary to be shown Sept. 10 at UCA

"Land of Opportunity," a locally produced documentary on fracking for natural gas in the Fayetteville shale, will be shown at 7 p.m.
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