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Alaska voters reject repeal of 2013 petroleum tax

...tax credits for investment but contained a progressive surcharge that took a larger tax bite from company profits when oil prices increased.Oil companies lobbied for changes. They said ACES made investment planning uncertain and investment elsewhere...

http://juneauempire.com/state/2014-08-27/alaska-voters-reject-repeal-2013-petrol
State
Oil-tax opponents vow to monitor industry promises

...tax credits for investment but contained a progressive surcharge that took a larger tax bite from company profits when oil prices increased.Oil companies said ACES made investment planning uncertain and investment elsewhere more likely.State Sen...

http://juneauempire.com/state/2014-08-21/oil-tax-opponents-vow-monitor-industry-
State
Exploring the 'what ifs' of SB 21, ACES

...Department of Revenue show that at current oil prices and investment levels, SB 21 and...the department last November.If oil prices were to drop to $90 per barrel...22.6 billion under ACES. If oil prices were to increase to $110 per barrel...

http://juneauempire.com/state/2014-08-17/exploring-what-ifs-sb-21-aces
State
The history of oil wealth

...the progressivity rate went up if oil prices rose - and they soon did.Under...at $70 a barrel. In 2011, with oil prices at $106 a barrel, those numbers...per barrel, declining to $0 when oil prices hit $150."Both MAPA and ACES...

http://juneauempire.com/state/2014-08-15/history-oil-wealth
State
My Turn: Alaskans are and will be better off under SB21

...numbers were with us. While a roller coaster of oil prices made things interesting, oil prices were generally rising and Alaska was seeing the...2008. In the fiscal year that ended that June, oil prices had averaged $96 per barrel and our oil was...

http://juneauempire.com/opinion/2014-08-18/alaskans-are-and-will-be-better-under
Opinion
An Alaskan Idiot's Guide to voting on SB 21

...shale oil. And heavy oil. ? ... oil prices can do nothing but go up...widespread peace in the Middle East, oil prices can do nothing but go down...progressive tax rate that rises as oil prices rise. Includes untargeted tax credits...

http://juneauempire.com/state/2014-08-18/alaskan-idiots-guide-voting-sb-21
State
My Turn: SB21 is risky business

...under the newly enacted Senate Bill 21. I haven't heard a single concern about the enormous risk to Alaska at low oil prices and net operating loss. SB21 created risk for Alaska by giving any company with a North Slope oil or gas lease a transferable...

http://juneauempire.com/opinion/2014-08-13/my-turn-sb21-risky-business
Opinion
My Turn: Vote 'No' for Alaska's future

...stopped the drop in the first year under SB21. We flattened the decline curve with new production. And, at current oil prices, the State of Alaska is bringing in more revenue under SB21 than under ACES. There's no "giveaway" - only more...

http://juneauempire.com/opinion/2014-08-17/my-turn-vote-no-alaskas-future
Opinion
My Turn: Facts emerge in support of YES vote

...maximum benefit of its people."ACES worked well to protect oil companies during low oil prices, and it rightfully made sure Alaska shared profits when oil prices increased. A cap on extremely high rates under ACES would be much better than the...

http://juneauempire.com/opinion/2014-08-15/facts-emerge-support-yes-vote
Opinion
A tale of two bills

...remain. They prefer its flat 35 percent tax rate over the progressive tax scale of ACES, where rates change depending on oil prices.When asked if Alaska's gas pipeline depends on SB21 staying in place, oil companies said they are taking a wait-and-see...

http://juneauempire.com/state/2014-08-12/tale-two-bills
State | Local | SB21

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