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Parnell signs budget bills, makes no vetoes

...the oil tax. Wielechowski, for example, favors returning to a tax structure that captures more for the state at higher oil prices. A referendum on the oil tax is scheduled for August.Parnell, for his part, told the Rotary group the best facts...
Les Gara: SB 21 contains troubling provision

...concedes SB21 would have reduced Alaska revenue by over $1 billion/yr. if it were in place at 2012 and 2013's higher oil prices. SB 21 should be replaced by a law letting Alaskans share fairly when high prices create staggering corporate profits...
State Democrats unveil another oil tax plan their respective chambers - would reinstate a progressivity formula that was in the ACES tax but reduce it at higher oil prices and cap it at about $192.50 a barrel under current estimates, according to a fact sheet."We do bend the curve...
Senate unveils oil tax bill

...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...
Without cuts, Alaska faces budget deficit 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 anticipates...
New Juneau worry: How much cash for capital budget?

...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...
Operators say oil tax change will spur projects 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...
Positives, negatives to be found in Parnell's oil tax pitch

...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 Revenue...
Alaska partners look west

...Russian projects have become what the mayor called "back-burner stuff." But with a new government in power and higher oil prices lifting the national economy, Russia is attracting renewed interest. Robin Zerbel, director of the World Trade...
Is special session necessary?: PPT producing more state revenues, helping independent producers

...Eni Petroleum. "Pioneer believes the current PPT system achieves the state's desired outcomes more revenue at higher oil prices and more investment through tax credits. Furthermore, the net tax structure levels the playing field for resources...


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