At its height in the mid-1950s, the severance taxes on oil and natural gas provided what percent of Texas revenues?
A) one-tenth
B) one-third
C) one-half
D) two-thirds

Question

Quizplus · Accepted Answer

At its peak in the mid-1950s, severance taxes on oil and natural gas contributed to one-third of Texas revenues, highlighting the significant economic impact of the energy sector on the state's finances during that period.

At Its Height in the Mid-1950s, the Severance Taxes on Oil