Latest Numbers Confirm High-Cost Exemption Continues to Cost the State $1 Billion Each Year in Lost Revenue

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Dick Lavine /(512) 320-0222 x 101

February 10, 2012

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The latest numbers from the Comptroller confirm that the high-cost-gas exemption reduced state revenue from the natural gas production tax by $1.04 billion in fiscal year 2011, after reducing revenue by $1.31 billion in fiscal 2010.