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More Changes Expected on Oil Tax Bill
JUNEAU, Alaska (AP) - A legislative consultant has revised
figures illustrating the impact of the Senate's new oil tax plan.
And the figures are likely to change again as the Senate Finance
Committee strives to keep the plan revenue-neutral at oil prices of
$100 a barrel or lower and considers adding other elements, like a
The revisions, at least in part, reflect a change in how some
industry costs were calculated.
In terms of total state take, a fiscal year 2013 snapshot by PFC
Energy showed the current Senate plan falling between the current
tax structure and Gov. Sean Parnell's tax-cut plan at high oil
prices and getting closer to Parnell's plan around $200 oil. The
Senate proposal seeks a fairer split of profit oil between the
state and companies.
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