Alaska Natural Gas Pipeline Message Board

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Gold/Mining/Energy : Alaska Natural Gas Pipeline

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From: Snowshoe	10/3/2009 5:50:45 PM
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Alaska's oil tax: Is it driving away or attracting investment? alaskajournal.com Murkowski first proposed the net profits tax change with a tax rate of 20 percent, but the Legislature upped the rate to 22.5 percent and added a "progressivity" escalator that increased the tax rate further as oil prices went up. In 2007, at then-Gov. Sarah Palin's request, the tax rate was hiked to 25 percent and the progressivity formula changed again so that the tax rate increased even faster at high prices.

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