JUNEAU – Senator Wielechowski (D-Anchorage) introduced Senate Bill 206, repealing the per barrel tax credits established in 2014 under SB 21. Under current statute, a producer is eligible for up to $8 in tax deductions for each barrel of extracted oil depending on certain conditions, such as the market price of oil. “Recent SEC filings […]
Juneau – A recent report from the Department of Revenue shows the state is losing more than a half billion dollars in annual revenue by not enacting the modest 25% tax on oil company profits passed by the House last year. Today, Representative Les Gara (D-Anchorage) released the following statement regarding the role oil taxes […]
Anchorage, Alaska — This tax season, Better Business Bureau Northwest & Pacific warns the public about the dangers of tax identity theft. This warning is in alliance with Tax Identity Theft Awareness Week, which runs from Jan. 29 – Feb. 2, 2018. The public is urged to be vigilant with their personal information so they don’t fall victim of tax identity theft. Here’s how the scam works: Tax identity […]
CAPITOL HILL — A U.S. tax overhaul passed in the House of Representatives on Tuesday, setting the stage for a final Senate vote expected to give President Donald Trump his first major legislative victory and trigger far-reaching consequences for the U.S. and global economy. The Tax Cuts and Jobs Act was approved 227 to 203, with […]