Released on Friday the house resources committee of petroleum resource tax advice, Eric figo said fair, Alaska, chairman of the joint and oil companies.
Suggestions, for example, version through the senate SB21 earlier this month, will repair the basic tax rate of 35%, and provide a credit of $5 a barrel of oil production. However, is only applicable to l/c will be deemed to be the new oil production will also be eligible for tax breaks worth 20% less, rather than total exclusion in this version, called.
, you not qualified to reduce total value area will have the basic rate of 35% and a per barrel allowance, when oil prices around $8 to $90 a barrel or less, according to a calculation, wasn't thinking at a higher price, about $160 or above, under the same calculation. A latest version of the bill, which will be estimated, the effects of the country's fiscal health, fiscal note has not been released.
Pageflakes page, R - Karen resources committee, said the plan to public testimony, hear from industry and consultant, and consider to revise bill, the house of representatives before the finance committee for next week. About two weeks in a legislative session.
"When it left the committee, will be ready on the ground, in my opinion," said mountain.
Gov. Sean parnell proposed overhaul of Alaska's petroleum tax structure to increase investment and production, has been declining for years. In recent years of high oil prices helped cover up the national budget drop impact.
What supporters said tax changes needs to be done, try to make more oil flow through the Alaska pipeline. Critics say method constitutes a huge gift there is no guarantee that they will invest more in Alaska's petroleum enterprise.
Senator bill Wielechowski, who voted against SB21 said, from narrowly passed the senate and the house version of the bill made some good changes. For example, he said there is a clear eligible for reducing total cost of the language, he said, it would be best, when higher oil prices. According to the proposal, reduce the total value will be applied to fields from the traditional to the new areas and new products.
But Wielechowski said, he focuses on state, in the lower oil price risk - when a barrel of allowance will be higher - don't think the participation of existing in the traditional areas need more help.
"I still think it has a long, long way to go, said:" anchorage Democrats, still on the analysis of the bill. "It is still a big flaw, but it was milder than in the senate version is what, I would say."
Figo said, there is a "slightly lower levels of government in the lower oil price is" greatly improved "economy of the company. But he said, there is a sense, too, countries "should have a little bite", the price is higher.
"This is not an onerous extra bites, but we are trying to in Alaska's people is fair," he said.
 



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