Alaska predicts sharp oil tax decline amid low prices

December 9, 2015 2:19 AM

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JUNEAU, Alaska (AP) — The state of Alaska is projecting revenue from oil and gas production taxes at $172 million this year, a dramatic drop from two years ago when production taxes totaled $2.6 billion.

The state Revenue department says production taxes for the last fiscal year totaled nearly $390 million.

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