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AK's State oil tax credit estimates continue to top $1 billion in years ahead
Alaska Dispatch
State oil tax credit estimates continue to top $1 billion in years ahead
If oil prices rebound in fiscal year 2017, per barrel tax credits for the major Alaska oil producing companies are expected to climb by about $700 million a year to $1.2 billion, while production tax revenue is expected to climb from about $300 million in 2016 to $800 million in 2017. That's if oil prices rise by about $25 a barrel from where they are today.
Politics | Dermot Cole
Read more
http://www.adn.com/article/20150525/state-oil-tax-credit-estimates-continue-top-1-billion-years-ahead
Read: corporate welfare