New oil-tax legislation effects natural gas as well

Alaska Public Media

Published November 21, 2007 at 11:04 PM AKST

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A provision in the new oil tax legislation evens the levy on natural gas produced for in state use. Under the old tax regime, only Cook Inlet received a special reduced rate, but an amendment to the new petroleum profits tax by Fairbanks Senator Joe Thomas levels the natural gas tax at 5 percent statewide.Dan Bross, KUAC - Fairbanks