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Alaska officials revise oil production estimates

...revenues over the forecast period through 2023. That compares to about 89 percent for this year. The state will need higher oil prices, of around $100 a barrel, and/or stable or increasing production to maintain stable or increasing state revenue...
State | AK legislature
Alaska needs better than SB 21 and ACES tax by another name that's intended to bring into the state coffers a small portion of the windfall from higher oil prices. Progressivity wasn't unique to ACES. It's something most of us deal with every year when filing our federal...
Higher oil prices could help fiscal gap a little

Higher oil prices and a possible war with Iraq will do some, but not much, to buffer...according to the state Department of Revenue's latest forecast. The higher oil prices have improved the outlook a little. "In our spring forecast we were...
Gov. proposes $3B toward state pension shortfall

...million next year, would not be sustainable.The state relies heavily on oil revenues to fund state government and higher oil prices in recent years helped to fatten state coffers. The state started the current fiscal year with about $16 billion...
Report offers sobering assessment of state spending echoes concerns also raised by Parnell's budget office.Alaska relies heavily on oil revenues to run, and higher oil prices in recent years have helped to mask the impact of declining oil production. According to the report, Alaska anticipates...
Another senator doubtful on ending oil tax progressivity

...appropriate.Stedman argued that the current tax rate at higher oil prices is too burdensome, the same charge Parnell and his...bill would simplify the tax system, bring rates at higher oil prices more in line with some of Alaska's booming competitors...
Ensure stability - study oil tax reduction carefully

...progressivity calculation built into the tax code. At higher oil prices, I agree the splitting of profit cash is too heavily...the current rate of progressivity is too high at higher oil prices and I believe it should be modified, but not eliminated...
Southeast legislators split on speech

...predictable tax system, one with greater protections for Alaskans at lower prices in exchange for lower taxes at higher oil prices."Rep. Cathy Munoz, R-Juneau, praised Parnell for giving specifics on his latest oil tax proposal."He proposes...
Industry: Oil tax bill has good points - and problems

...conference, Sen. Lesil McGuire, R-Anchorage, said Alaska's tax structure is broken, particularly when it comes to higher oil prices and the state's exposure with tax credits. Credits could top $1 billion next fiscal year, and Parnell's Revenue...
Senate panel hears from industry on oil bill

...said this was aimed at concerns raised about Gov. Sean Parnell's plan that the government's take was too low at higher oil prices and too high at lower prices.The bill also would increase from 20 percent to 30 percent the gross revenue exclusion...


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