Alaska predicts sharp oil tax decline amid low prices

December 9, 2015 2:19 AM

17 0

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.

Also read: Caterpillar Says Sales Woes Could Linger

Read more

To category page