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Panel to hear bill that would split oil, gas taxes

...generated $3.1 billion in production tax revenue during the last fiscal year. It taxes oil and gas together, with gas calculations based on its energy value relative to oil. Stedman's bill would separate gas from oil and is intended to do away...

http://www.juneauempire.com/stories/031010/sta_580922713.shtml
News
Lingering questions remain about Alaska gas, oil tax

...it's necessary, with adjournment days away. Under the current structure, the state taxes oil and gas together; gas calculations are based on gas' energy value relative to oil. Those who support separating the two - including a leader of the...

http://www.juneauempire.com/stories/041510/sta_610133024.shtml
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