If 35% Flat Tax Is Repealed, Higher Production Taxes Could Again Slow Oil and Gas Development

On August 19, Alaskan citizens will vote on a ballot that determines the taxing fate of the oil and gas production companies working in the state. The vote will happen at the same time as the primary elections.

Last year, the Alaskan Senate passed Governor Sean Parnell’s Bill 21, which took effect on January 1, 2014, and thus replaced Alaska’s Clear and Equitable Share (ACES), a progressive state production tax created by former Governor Sarah Palin ...

Tags: ,

Legal Notice