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Discussion begins on oil tax credits

Alaska's explorer and small producer tax credit program has been capped for this year but the program is still on the books and applications for credits are still being accepted, state Revenue Commissioner Randy Hoffbeck said.
Voices of Alaska: State's financial dialogue must continue

...the repurchase program, we anticipate credits to total nearly $1.1 billion this year. Unlike most other countries' oil tax systems, Alaska does not have a pre-approval process or criteria for a company to take advantage of the tax credit incentive...
What others say: Walker's tax credit cut a fair move

Is Alaska's oil tax credit system broken? That's what Gov. Bill Walker said Wednesday after cutting $200 million from $700 million budgeted by...
Walker reduces amount available for oil tax credits

...Walker took, hopes to have a discussion on Alaska's oil tax structure overall, not just on credits. Gara has been...discussion that it needs to be looked at first."A fair oil tax structure is the first thing we should do, and then we...
Walker's decisions a step in right direction

Governor Walker's decisions to delay some oil tax credits to a later date and to look for new incentives...I also remember the recent Alaskan legislature-Veco oil tax scandal and the Alaska National Guard scandal which contributed...
Cook Inlet oil companies heavy consumers of tax credit reimbursements

...Wednesday, identified Cook Inlet companies as heavy users of oil tax credits. Currently, Alaska offers nine credits to offset...fiscal years, Alaska gave a total of $7.4 billion in oil tax credits. For companies producing fewer than 50,000 barrels...
Walker seeks input to balance budget

...State income tax? State sales tax? A "cap" on Permanent Fund dividends? Draconian cuts to public services? A hike in oil taxes?It's time for Alaskans to make decisions, say Gov. Bill Walker and Lt. Gov. Byron Mallott.There's no escaping...
Budget plan threatens Alaska's future

...threaten to jeopardize our dividend to do that. That's the new GOP plan. There's a law on the books capping state oil tax credit payments in low oil revenue years. They're supposed to be capped at $91 million next year. Instead, GOP leadership...
Gov. Bill Walker veto means layoff notices could loom

...amid low oil prices. Minority ideas to offset the costs of items they want in the budget, such as capping the payout of oil tax credits and redirecting funds for some infrastructure projects, have been nonstarters with the majority.Reaching an...
If Seattle doesn't want Shell, head north to the future

...Alaska's economy is tied to oil. Directly (through oilfield jobs) and indirectly (through government jobs paid for with oil taxes), Alaskans benefit from oil. Oil is a means to an end. We need to drill for it and produce it to maintain our standard...


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