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Consultants suggest possibly revisiting Cook Inlet credits extend those credits.But that will not affect Cook Inlet, where the report said producers largely pay no oil production taxes and a low, fixed rate on gas production. The report said a pre-2006 tax regime largely still holds there...
State | AK legislature
Senators preparing for oil tax bill vote

A proposal to reduce oil production taxes in Alaska - a move proponents argue is needed to make the state "competitive" with other major oil-producing jurisdictions...
Pipeline proposal may fall to wayside this session

...wayside this session as debates over spending and whether to cut oil production taxes take center stage. Despite the sense of urgency that bill sponsors...he says, the priority is on pushing legislation that would cut oil production taxes.
Regional News
GOP representative confident oil tax reform will pass this year

...for the caucus during this legislative session, with one representative expressing confidence that a bill to cut oil production taxes will pass this spring.Rep. Eric Feige, R-Chickaloon, noted that many freshman legislators campaigned on...
Walker's opening choices are hard ones "owner-state," not giving in to the whims of industry.Industry groups that supported the rollback of oil production taxes championed by Parnell and his efforts to advance a liquefied natural gas project are anxious to see how the incoming...
The history of oil wealth

...publication of the University of Alaska Anchorage's Institute of Social and Economic Research, "Comparing Alaska's Oil Production Taxes: Incentives and Assumptions" by Matthew Berman.MAPA was presented to Alaskans as an answer for declining drilling...
Butcher resigns as Revenue commissioner, heads to AHFC

...Butcher's resignation letter was dated Tuesday.Butcher was the public face of Parnell's failed effort to rollback oil production taxes in 2011 and 2012, with some lawmakers complaining during his confirmation vote in 2011 that he hadn't provided...
Division wants spill-prevention fund

...the account would still need money from the general fund, Ryan said.The Legislature last year passed a cut in oil-production taxes in the hope it would lead to more production. In a recent report, the Department of Environmental Conservation...
State | AK legislature
Oil and gas executives hail project agreement as significant

...would "press for and win significant concessions on oil taxes."The Legislature last year passed a cut in oil production taxes, which the companies spoke in favor of. Parnell said Wednesday that a healthy oil industry is needed to allow...
Southeast legislators explain their oil tax votes

...fiscal problem in this state, and we need to do something. We can't do nothing."S.B. 21 reduces state oil production taxes - a gambit that critics have derided as a "giveaway," but which supporters have said is a necessary "investment...


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