Oil and Gas Taxes Still Support State Finances in 1958
Texas oil and gas producers paid about 7.1 million in crude oil production taxes and 41.9 million in natural gas taxes, while gas taxes rose by nearly 1 million as overall revenue fell short. Comptroller notes spending outpaced income. association leader Charles W. Alcorn says a shift in tax policy is needed though oil and gas taxes remain significant with new revenue sources.
MENTIONED IN THIS ARTICLE
Alcorn
Texas
Comptroller
Oil and gas taxes in Texas dwarf other levies says study
The Port Isabel Press notes a 1958 Texas tax study showing oil and gas producers pay about 187 million in direct taxes, roughly 30 percent of state tax receipts and two thirds of business tax share. It details rates on gross value, gas production, and per barrel oil levies plus local and school funding implications.
MENTIONED IN THIS ARTICLE
Association
Costy
Hug
Texas
Texas Mid-Continent
Permanent School Fund
Permanent University Fund
University of Texas
Oil and gas spark American industrial progress
The article emphasizes petroleum's central role in U S energy needs and military power. It notes oil and natural gas provide about 75 percent of energy, fuel transportation and defense, and underpins petrochemicals, plastics, synthetic fabrics, and rubber, driving postwar American industry and everyday comfort.
MENTIONED IN THIS ARTICLE
United States
American Indust Petroleum
Valley sees summer tourists inject 10 million yearly
The Valley Chamber of Commerce reports summer tourism and related travelers contribute about 10 million dollars annually. Chairman Minor Wilson notes mixed signals from hotels with some up to 35 percent gains while others show slight declines. short term travelers and Mexico bound traffic complicate precise tracking.
MENTIONED IN THIS ARTICLE
Weslaco
Minor Wilson
Publicity, Advertising and Tourist Committee
The
Valley Chamber of Commerce
Chambers of Commerce
Wilson
Chamber of Commerce
Valley Chamber
Mexico
Valley
Chevrolet 1959 models showcase revised styling and engine tech
The 1959 Chevrolet lineup features 50 percent more visibility area, lower twin headlamps at the grille ends, higher bumpers, and elongated tail lights. Impalas include rich fabrics, five trim options, and new interior colors, with engine upgrades across V8s and the Hi-Thrift Six, plus improved cooling and spark plug life.
MENTIONED IN THIS ARTICLE
Chevrolet
Also Mentioned on This Page
OIL and Gas
Texas Oil and Gas Producers
Charles W. Alcorn
Houston
Marina Port Isabel
John Cox
Sweetwater
Jack Bartholomew
Port Isabel
Humble Company
Humble
Florida
California
Oregon
Washington
Alaska
Humble Pipe Line Company
Gulf Coast
Baytown
Humble Research
Humble Oil & Refining CO
South Padre Island
Sandy Retreat Resort
Motor Hotel
Fun
Isla Blanca Park
Isla Blanca
Beach Cabanas
Padre Beach
John L. Tompkins
Corpus Christi
Brownsville
Lucille Poe
Esperanza St
U. S
Los Fresnos
Los Fresnos, Texas
Membe Federal Deposit Insurance Corporation
EL Padre
A.A. A. WH
Coftee
Padre Island
S. J. Waugh
McAllen Branch
Causeway - Padre Blvd
Pampano
Bud Franke
Jsevciate
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