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Senate panel considers separating oil, gas taxation

Anchorage Daily News online -- JUNEAU -- A bill that would change Alaska's system of taxing oil and gas production together got its first hearing Tuesday, with consultants giving the Senate Finance Committee a rundown on the separation of the two.

Public testimony is set for later this week, with senators hoping to hear from Gov. Sean Parnell's administration as well.

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Submitted Mar 09, 2010 By: Nitewolf

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honda0105 Champion Author Tallahassee Posts:10,793 Points:633,350 Joined:Nov 2008	Message Posted: Mar 10, 2010 10:15:13 PM Ignore honda0105 Report Abuse cheapertvs: renegadegas is right. There aren't many cars (other than some fleet vehicles) that run on CNG. And you won't see oil phased out. If it was ONLY in car fuel, maybe, but it's in EVERYTHING PLASTIC to start with. And I doubt we ever see the end of plastic.
RENEGADEGAS Champion Author Missouri Posts:7,683 Points:620,155 Joined:Jul 2008	Message Posted: Mar 10, 2010 1:53:57 AM Ignore RENEGADEGAS Report Abuse cheapertvs...thats a pipe dream. Do you honestly think that in todays economy and the uncertainty of tomorrows that people are going to jump out in a leap of faith and buy a new car that runs on natural gas. No. They are going to be doing the best they can to keep the gasoline pweered cars they have running and as cheaply as possible. You or I wont live long enough to see oil phased out. I can say that with certainty and I dont even know how old you are.
genef01 Champion Author Nashville Posts:2,183 Points:703,315 Joined:Jul 2008	Message Posted: Mar 10, 2010 1:28:42 AM Ignore genef01 Report Abuse Hope this doesn't give Pelosi and Co. any ideas.
vulcan96 Champion Author Ohio Posts:17,950 Points:2,132,045 Joined:Aug 2004	Message Posted: Mar 10, 2010 1:20:42 AM Ignore vulcan96 Report Abuse and the beat goes on --- and taxes keep rising .
cheapertvs Champion Author Richmond Posts:5,200 Points:1,768,220 Joined:Jan 2004	Message Posted: Mar 10, 2010 1:11:36 AM Ignore cheapertvs Report Abuse I believe we are seeing the beginnings of the paradigm shift in our primary fuel from oil to natural gas. Given the amounts of the stuff recently found as well as the amazing amount of reserves in the ground, it is becoming abundantly clear that oil is going down.
RENEGADEGAS Champion Author Missouri Posts:7,683 Points:620,155 Joined:Jul 2008	Message Posted: Mar 10, 2010 1:03:26 AM Ignore RENEGADEGAS Report Abuse Another step closer to hussiens desire to lock and hold gas prices between $3.50 and $4.00 a gallon regardless the price of oil. He has said this many times and even during the campaign. Locking prices will be a lot easier for them if they can split it from oil.
pbc2001 Champion Author Dallas Posts:2,311 Points:416,430 Joined:Feb 2009	Message Posted: Mar 10, 2010 1:01:57 AM Ignore pbc2001 Report Abuse Who knows what tomorrow will bring.
CobraLeader Champion Author New Jersey Posts:249,242 Points:1,137,650 Joined:Apr 2007	Message Posted: Mar 10, 2010 12:58:39 AM Ignore CobraLeader Report Abuse Let the Senate clean their own house first
benjy Champion Author Chicago Posts:4,837 Points:895,825 Joined:Nov 2003	Message Posted: Mar 10, 2010 12:51:35 AM Ignore benjy Report Abuse Does'nt Alsaka get a tax-rebate per citizen from oil????
Jeff4U Champion Author Atlanta Posts:3,299 Points:884,050 Joined:Nov 2004	Message Posted: Mar 10, 2010 12:49:47 AM Ignore Jeff4U Report Abuse Alaska needs to keep that money rolling in.
visitor_2 All-Star Author Orlando Posts:693 Points:824,620 Joined:Aug 2006	Message Posted: Mar 10, 2010 12:48:34 AM Ignore visitor_2 Report Abuse Tax tax and more tax
EVBuddy Champion Author Nevada Posts:11,724 Points:2,063,160 Joined:Sep 2004	Message Posted: Mar 10, 2010 12:48:30 AM Ignore EVBuddy Report Abuse Hope that doesn't catch on.
EcoVore Champion Author Los Angeles Posts:2,124 Points:331,895 Joined:Jun 2008	Message Posted: Mar 10, 2010 12:46:44 AM Ignore EcoVore Report Abuse So much for encouraging business w/ more taxes.
grouch311 Champion Author Illinois Posts:4,044 Points:671,305 Joined:Jun 2007	Message Posted: Mar 10, 2010 12:44:28 AM Ignore grouch311 Report Abuse they have a lot more important things to do
WhiteTreeIndian Champion Author New Jersey Posts:1,108 Points:212,370 Joined:Dec 2009	Message Posted: Mar 10, 2010 12:39:25 AM Ignore WhiteTreeIndian Report Abuse Oh boy, gov't only knows how to mess things up, keep em away, please.
jadeusa Champion Author Dallas Posts:4,291 Points:876,385 Joined:Sep 2005	Message Posted: Mar 10, 2010 12:21:12 AM Ignore jadeusa Report Abuse There is usually confusion on taxation policies, so no surprise from me on this proposal.
greenfog Champion Author Illinois Posts:1,734 Points:678,400 Joined:Feb 2008	Message Posted: Mar 10, 2010 12:15:50 AM Ignore greenfog Report Abuse this will be worth watching as other states may follow suit if they don't do it all ready.
250FORD Champion Author Minnesota Posts:7,691 Points:1,238,160 Joined:Feb 2007	Message Posted: Mar 10, 2010 12:12:50 AM Ignore 250FORD Report Abuse Really, what will this do?
granitestater Champion Author New Hampshire Posts:4,116 Points:639,500 Joined:Oct 2008	Message Posted: Mar 10, 2010 12:12:35 AM Ignore granitestater Report Abuse This is interesting. Trying to give the gas producer a reason to capture rather than flare off gas is a good idea...
roadrunnerMO Champion Author Kansas Posts:3,446 Points:736,320 Joined:Jul 2008	Message Posted: Mar 10, 2010 12:09:18 AM Ignore roadrunnerMO Report Abuse Whatever, it will gouge the taxpayer...
cutter1330 Champion Author Oklahoma Posts:3,146 Points:722,310 Joined:Jul 2005	Message Posted: Mar 10, 2010 12:07:38 AM Ignore cutter1330 Report Abuse A break for one and a gouging for the other?
bobdec Champion Author Florida Posts:4,289 Points:840,600 Joined:May 2008	Message Posted: Mar 10, 2010 12:06:35 AM Ignore bobdec Report Abuse The bottom line is they will just tax both more
scrounger Champion Author Vancouver Posts:8,444 Points:2,243,565 Joined:Mar 2003	Message Posted: Mar 10, 2010 12:06:23 AM Ignore scrounger Report Abuse the consumer always ends up paying
Gary65 Champion Author Toronto Posts:1,498 Points:468,370 Joined:Jan 2009	Message Posted: Mar 10, 2010 12:05:23 AM Ignore Gary65 Report Abuse Better to have them separate, but will not make a difference, we'll still get screwed.
Saturn93 Champion Author Salt Lake City Posts:4,245 Points:1,015,740 Joined:Oct 2006	Message Posted: Mar 10, 2010 12:01:49 AM Ignore Saturn93 Report Abuse Got to make sure those annual tax payments to Alaskan's keep up with inflation.
joel27nc Champion Author Raleigh Posts:5,544 Points:890,720 Joined:Mar 2008	Message Posted: Mar 9, 2010 11:57:39 PM Ignore joel27nc Report Abuse so which will be taxed more
raleightom All-Star Author Raleigh Posts:765 Points:215,710 Joined:Nov 2007	Message Posted: Mar 9, 2010 11:54:18 PM Ignore raleightom Report Abuse I thought this was to aid the Alaskan Residents during the recession that is about ended. We should all eat more wild fish harvested from Alaskan waters to help them out. Would be healthier than most other protein sources too.
Amtrgas Champion Author Oakland Posts:2,149 Points:788,110 Joined:Dec 2007	Message Posted: Mar 9, 2010 11:53:16 PM Ignore Amtrgas Report Abuse I will be interested to hear what happens.
10k Champion Author North Carolina Posts:12,968 Points:1,281,225 Joined:May 2006	Message Posted: Mar 9, 2010 11:52:54 PM Ignore 10k Report Abuse alaska: you better leave that dog alone before you get bit..
DEG Champion Author Las Vegas Posts:12,833 Points:2,549,155 Joined:Jul 2003	Message Posted: Mar 9, 2010 11:52:23 PM Ignore DEG Report Abuse All governments seek to improve revenues. It is generally through increasing taxes or imposing fees. This looks likes politics as usual.
Bubba44612 Champion Author Ohio Posts:2,676 Points:918,925 Joined:Aug 2005	Message Posted: Mar 9, 2010 11:48:49 PM Ignore Bubba44612 Report Abuse Another way for the Gov to get more money for nothing...
Z51Corvette Champion Author Austin Posts:4,149 Points:805,980 Joined:Jan 2008	Message Posted: Mar 9, 2010 11:48:20 PM Ignore Z51Corvette Report Abuse I'd be interested in wht thy are wanting to do... not sure who I might trust.
52MPG Champion Author Dayton Posts:2,335 Points:773,060 Joined:Apr 2006	Message Posted: Mar 9, 2010 11:34:00 PM Ignore 52MPG Report Abuse All Governments want money.
Eichhornchen Champion Author Detroit Posts:2,737 Points:534,865 Joined:Feb 2009	Message Posted: Mar 9, 2010 11:32:48 PM Ignore Eichhornchen Report Abuse And after they each look smaller, raise each so the total tax is higher.
NavyStore Champion Author Seattle Posts:2,692 Points:1,188,895 Joined:Aug 2005	Message Posted: Mar 9, 2010 11:30:45 PM Ignore NavyStore Report Abuse Makes sense...
Bus561 Champion Author Lexington Posts:11,497 Points:2,244,575 Joined:May 2004	Message Posted: Mar 9, 2010 11:27:44 PM Ignore Bus561 Report Abuse Go ahead, tax it out of existance even before it is active.
LoneGuy Champion Author Lansing Posts:3,643 Points:1,361,125 Joined:Aug 2005	Message Posted: Mar 9, 2010 11:23:15 PM Ignore LoneGuy Report Abuse The pipeline could be filled to capacity if the government would allow drilling and pumping from ANWR just a few miled up the north coast from the pipeline head.
Rageagainsttm Champion Author Tampa Posts:3,681 Points:965,560 Joined:Jul 2007	Message Posted: Mar 9, 2010 11:18:51 PM Ignore Rageagainsttm Report Abuse Probably not favorable to the public.
skybiker Champion Author South Carolina Posts:3,340 Points:663,205 Joined:Jul 2008	Message Posted: Mar 9, 2010 11:17:05 PM Ignore skybiker Report Abuse Just a stealth way to increase taxes!!!!
TBONE3 Champion Author Pennsylvania Posts:3,900 Points:1,006,620 Joined:Mar 2005	Message Posted: Mar 9, 2010 11:15:53 PM Ignore TBONE3 Report Abuse Another way to steal more tax money.
tedjm1 Champion Author New York Posts:1,537 Points:167,480 Joined:Dec 2006	Message Posted: Mar 9, 2010 11:15:41 PM Ignore tedjm1 Report Abuse Anything to get more money. They, and all other states as well, should look in their own backyards. Cut politicians salaries, benefits and office perks as a start. Let our leaders work and get benefits under the same umbrella that most of us share.
PaylessKY Champion Author Kentucky Posts:3,595 Points:666,330 Joined:Oct 2008	Message Posted: Mar 9, 2010 11:13:13 PM Ignore PaylessKY Report Abuse The fereral government should not be telling a state how to tax.
Blue_Cruzer Champion Author Lexington Posts:3,013 Points:774,360 Joined:Mar 2007	Message Posted: Mar 9, 2010 11:12:25 PM Ignore Blue_Cruzer Report Abuse State of Alaska wants to get it's share of oil money, one way or the other.
Lizzylou Champion Author Stockton Posts:4,535 Points:1,504,700 Joined:Oct 2005	Message Posted: Mar 9, 2010 11:12:24 PM Ignore Lizzylou Report Abuse TAX OIL, TAX GAS TAX TAX TAX!!!
rxman1 Champion Author Toledo Posts:4,362 Points:910,405 Joined:Nov 2007	Message Posted: Mar 9, 2010 11:12:19 PM Ignore rxman1 Report Abuse All governments always need more money.
rollma2 All-Star Author Montreal Posts:655 Points:155,355 Joined:Jul 2009	Message Posted: Mar 9, 2010 11:08:26 PM Ignore rollma2 Report Abuse does it affect all of us?
Toppers Champion Author Atlanta Posts:4,132 Points:1,504,315 Joined:Mar 2005	Message Posted: Mar 9, 2010 11:02:32 PM Ignore Toppers Report Abuse Someone's gotta get ahead someway right?
onegiraffeAL Sophomore Author Alabama Posts:218 Points:87,495 Joined:Jan 2010	Message Posted: Mar 9, 2010 10:54:09 PM Ignore onegiraffeAL Report Abuse Trash talk.
NHLiveFree Champion Author New Hampshire Posts:4,014 Points:670,570 Joined:Jun 2008	Message Posted: Mar 9, 2010 10:51:04 PM Ignore NHLiveFree Report Abuse What is the point of the article Nitewolf?
FastAndy Champion Author Indianapolis Posts:4,216 Points:1,117,045 Joined:Jun 2007	Message Posted: Mar 9, 2010 10:50:45 PM Ignore FastAndy Report Abuse More taxes is always the answer for government and always the problem for the people.