Post by Logan on Feb 5, 2016 20:38:18 GMT -6
The state of Alaska has never changed its mining taxes.
To find the last time Alaskan miners had to open their tax books, you have to look back before statehood, before even the Alaska Constitution.
“It hasn’t been changed since 1955,” Deputy Revenue Commissioner Jerry Burnett told the Senate Resources Committee in a Wednesday hearing. “It predates statehood.”
With the state’s deficit rising closer to $4 billion per year with every day that oil remains below $30 per barrel, Gov. Bill Walker has proposed raising a wide variety of consumption taxes, including the tax on the state’s mines. None of the consumption taxes will close the gap on their own, but combined they will make a difference, Walker has said.
Read more: juneauempire.com/state/2016-02-05/mining-tax-increase-gets-first-hearing-legislature
To find the last time Alaskan miners had to open their tax books, you have to look back before statehood, before even the Alaska Constitution.
“It hasn’t been changed since 1955,” Deputy Revenue Commissioner Jerry Burnett told the Senate Resources Committee in a Wednesday hearing. “It predates statehood.”
With the state’s deficit rising closer to $4 billion per year with every day that oil remains below $30 per barrel, Gov. Bill Walker has proposed raising a wide variety of consumption taxes, including the tax on the state’s mines. None of the consumption taxes will close the gap on their own, but combined they will make a difference, Walker has said.
Read more: juneauempire.com/state/2016-02-05/mining-tax-increase-gets-first-hearing-legislature