The Seal of the State of Alaska
  Help    

   
Alaska State Legislature
    Home  |  News  |  Legislators  |  Committees  |  Bills  |  Surveys  |  Archives  |  AchievementsAlaska State Legislature
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature

Advanced Search
Alaska State Legislature
 Will increased taxes on the oil industry hurt or help Alaska’s economy? 


 · Hurt
23%

 
 · Help
66%

 
 · Undecided
10%

 


Total Votes: 80

Take Full Survey
Follow This Issue
Next Snap Poll
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
· District Survey  
· Contact Staff  
· Biography  
· Committee Memberships  
· Oil & Gas Committee  
· Press Releases  
· Opinion-Editorial  
· Personal Legislation  
· Co-Sponsored Legislation  
· District Announcements  
· District Newsletters
& Info
 
· Survey Archive  
· Legislative Citations  
· District Web Directory  
· Blog  
· Photo Album  
· 23rd Legislature  
· 22nd Legislature  
· 21st Legislature  
· 20th Legislature  
Alaska State Legislature
Alaska State Legislature


By Washington Monument in Washington D.C.
(March - 2005)

Alaska State Legislature
24th Alaska State Legislature
The 24th Alaska State Legislature
Alaska State Representative Vic Kohring
News & Information

Click image for large 5'' x 7'' portrait
Session:
State Capitol, Room 24
Juneau, AK 99801-1182
Phone: (907) 465-2186
Fax: (907) 465-3818
District 14 Area Only Toll Free:
(800) 468-2186
Send Email
Send Public Opinion Message
Subscribe to Newsletter - Privacy Policy

Interim:
600 E. Railroad Ave.
Wasilla, AK 99654
Phone: (907) 373-1842
Fax: (907) 373-4729

716 W. 4th, Suite 680
Anchorage, AK 99501
Phone: (907) 269-0153
Fax: (907) 269-0154

Kohring Objects to Removal of Tax Exemption
Says Proposed Bill a ''Double Hit'' on Oil Industry
Alaska State Legislature
Alaska State Legislature
Attachments Attachments

 
Released:
March 23, 2005


"I’m concerned this will prove to be yet another major disincentive on an industry that’s still reeling from last month’s ELF tax increase."
- Rep. Kohring

 

(JUNEAU) – The Chairman of the Legislature’s Oil & Gas Committee, Rep. Vic Kohring (R-Wasilla/Mat-Su), expressed concern with SB 151, read across the Senate Floor today. The bill removes the federal tax deduction from the Alaska Net Income Tax Act for certain oil production activities in Alaska.

"This will increase tax liabilities of oil companies because it removes an important deduction, so it basically amounts to yet another tax increase on the industry," said Kohring. Kohring also opposed the state’s recent changes to the "ELF" provisions in state law that resulted in a major increase in the industry’s production taxes by up to $190 million. He referred to the proposed new tax as a "double hit" on oil and gas companies.

"I’m concerned this will prove to be yet another major disincentive on an industry that’s still reeling from last month’s ELF tax increase. Oil and gas development is the centerpiece of Alaska’s economy, and we’re effectively biting the hand that feeds us," added Kohring. "This legislation adds to the growing uncertainty that Alaska may not be the attractive place it once was for investment opportunities, in terms of exploration and development of our oil and gas reserves."

# # #

 
Attachments:
 
·
Print Text Version
· Governor's Transmittal Letter
· Complete Bill Text for SB 151


Sign Up For E-News!

Unsubscribe  Privacy
Alaska State Legislature
· 25th Legislature Info
House Majority
House Minority
Senate Majority
Senate Minority
BASIS
 
· 24th Leg. Special Session Info  
· Oil & Gas Production Tax Information  
· Keyword Search  
· Legislator Districts  
· Photo Table  
· Passed Legislation  
· Past Legislatures  
· More Web Tools  
· Majority Press Staff  
· Information Offices  
Requires Real Audio Player = Adobe PDF Reader  
Requires Real Audio Player = Real Audio Player  
Requires Real Audio Player = MP3 Audio Player  
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature

1 Viewer(s)

Total at this time.
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
· District Survey  
· Contact Staff  
· Biography  
· Committee Memberships  
· Oil & Gas Committee  
· Press Releases  
· Opinion-Editorial  
· Personal Legislation  
· Co-Sponsored Legislation  
· District Announcements  
· District Newsletters
& Info
 
· Survey Archive  
· Legislative Citations  
· District Web Directory  
· Blog  
· Photo Album  
· 23rd Legislature  
· 22nd Legislature  
· 21st Legislature  
· 20th Legislature  
Alaska State Legislature
Alaska State Legislature
Alaska State Legislature
Home  |  News  |  Legislators  |  Committees  |  Bills  |  Surveys  |  Archives  |  E-News  |  HelpAlaska State Legislature
Alaska State Legislature
The Official Web Site of the House and Senate Legislative Majorities
for the Alaska State Legislature

To Report Technical Problems or Contact Webmasterse-mail address list