Senate panel hear energy tax bill
BECKY BOHRER | The Associated Press
JUNEAU – A bill that would change Alaska’s system of taxing oil and gas production together got its first hearing Tuesday, with consultants giving the Senate Finance Committee a rundown on the separation of the two.
Public testimony is set for later, with senators hoping to hear, as well, from Gov. Sean Parnell’s administration.
The bill seeks to separate gas and oil.
It would keep the oil tax structure as is, with the base tax rate on net profits of oil companies, triggers and progressivity elements staying the same.
For gas, rate would be a flat 25 percent.
Sen. Bert Stedman is a co-chair of the finance committee that introduced the measure. He says this doesn’t set a gas rate. He says they need more information to do that, and he expects it to be raised later.
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