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2 Los Angeles City Council Members Call For A Tax On Companies That Extract Oil And Gas In Los Angeles

My News LA-

Two Los Angeles City Council members are calling for a measure to be put on the November 2022 ballot to create a tax on companies that extract oil and gas within Los Angeles.

Councilman Paul Krekorian and Councilwoman Nithya Raman introduced a motion Wednesday to initiate the ballot measure by instructing the City Administrative Officer to report on potential amounts and structures for the tax.

The motion notes that Los Angles charged an oil extraction tax for 60 years before it was repealed by voters in 1996.

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