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...percent capital investment tax credit that is in ACES, as well as the progressivity formula that drives up tax rates at higher oil prices.The investment tax credit was very important to small companies like Brooks Range and even mid-sized independents...
...said it was geared at concerns that were raised about Parnell's plan, that the level of government take is too low at higher oil prices and too high at lower prices.Early modeling indicated a flattening of the government's take around 60 percent...
...highest at 94 percent (Source: Mexico's Government). According to the U.S. Department of Interior, the second highest oil tax in North America is Louisiana at 85 percent, third is U.S. Government's 79 percent tax on production in the...
...people in the United States. We very much are not. But, Alaska has more than $10 billion in the bank because of recent high oil prices. This money is not in the Permanent Fund and it's not committed to anything. We have money. We don't have...
...report 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...
...fields while also addressing the level of government take at high oil prices.Parnell briefed House and Senate leaders on the...significant amounts and collecting a lot of revenue at high oil prices to cover them," Parnell said. "But the state's...
...long this state and nation have been living with eyes wide shut on our financial problems. In Alaska it is masked by high oil prices. In Washington, D.C. it is masked by every partisan debate that never gets solved. But now, instead of focusing...
...in the bill. Basically the bill ends the controversial "progressivity" formula in the law that hikes tax rates at higher oil prices, but it also eliminates a 20 percent capital investment tax credit for industry. The combination of these changes...
...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...
...and a great friendship and working relationship with the Governor. * Our state being blessed with a lot of revenue from high oil prices and having the monies to share with communities. Our economic risks are: * Not having our representative from...