tax structure – Alaska Native News

Senate Rules Committee Introduces Legislation to Fix Flaws in Alaska’s Oil Tax Structure

By Noah Hanson | AKLEG on Mar 27, 2023 Featured, State

JUNEAU – The Senate Rules Committee introduced legislation Friday to fix several flaws in Alaska’s oil tax structure. Senate Bill 114 would level the playing field by having all oil producers pay the same corporate income tax rate as corporations at 9.4%. This would only apply after the first $4 million in annual net income. […]

Economist Misses the Mark on Oil Tax Impacts

By Vic Fischer on May 2, 2014 Opinion, Opinions/Op/Ed/Letters

Today economist Scott Goldsmith presented comments and scenarios that grossly understate the amount Alaskans stand to lose under Alaska’s new oil tax structure, which many Alaskans call the “Oil Wealth Giveaway.” Goldsmith told an audience “the $2 billion giveaway doesn’t exist.” He said it’s a myth. Sadly, the $2 billion budget deficit is not a […]