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Alaska Legislature enters third stage of oil tax review

...profits - up from 22.5 percent - and doubling her .20 percent surcharge that captures more money as the price of oil increases. "It struck me as too important a component for us not to have some sort of influence on it and for us not to put...
Tax debate takes on a different tone

...Committee of the corruption backdrop while seeking to amend the bill with a higher per barrel surcharge as the price of oil increases. "We have to recognize the reason we are down here - the only reason in my opinion we are down here - is that we...
Ensure stability - study oil tax reduction carefully

...current oil prices is around 70 percent. As the price of oil increases, the percentage of government take also increases as...share of profits to the state decreases as the price of oil increases. That's unacceptable for any sovereign that has a...
Alaska lawmakers seek tax breaks on fuel the price of oil remains over $50 a barrel," he said. Each additional $1 added to the price of a barrel of oil increases revenue to the state by $65 million, but the budgets of Alaska's families and businesses are suffering. "We are...
Legislature guts Palin's oil tax bill rate. This committee's offering, however, provides a formula that earns more revenue as the market price for oil increases. It enables the state to close any revenue shortfall without doing anything that may be perceived as punitive - such...
Lawmakers expect longer session as oil tax, pipeline contract loom

...operating expenses, royalties and property taxes. The model is based on systems in other countries. If the price of oil increases, the tax goes up as well. Currently, the state plan known as the Economic Limit Factor, or ELF, collects tax on...
ACES needs to be fixed, but HB 110 is not the solution

...progressivity feature, which increases the amount of tax owed by an oil producer as the price and profit from a barrel of oil increases, is the second highest among developed countries, making it one of the most aggressive progressivity taxes in the...
My Turn: House should pass a better oil tax

...high prices. Johnston recommends that the tax rate rise by roughly 1/3 of a percent for every dollar the price of oil increases above $40 a barrel. The House reached a compromise number of 1/4 of a percent above $50 a barrel. The Senate...
Former ferry system head runs as Democrat

...into the state's general fund also costs the marine highway more money," he said, noting that $50-a-barrel oil increases the ferry system subsidy. He acknowledged that the move of the ferry headquarters and talk of privatizing some ferry...


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