Senate Wants to Change Tax Structure for Oil and Gas

3/10/2010

The Senate Finance Committee has started to address the Senate Bill 305, which if approved, would change the way oil and natural gas is taxed in the state by separating oil production from natural gas production. Senate Finance Chairman Bert Stedman answered questions from the media in Juneau, yesterday morning on Gavel-to-Gavel, during the Senate Majority’s Press Conference. He was asked if the bill could be on Governor Sean Parnell’s desk by April 6^th.

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Stedman on SB 305 1……

The Senate Majority wants to separate the taxation of oil production and gas production prior to the open seasons for Denali and the AGIA projects.