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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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NHLiveFree Champion Author New Hampshire Posts:4,014 Points:670,570 Joined:Jun 2008	Message Posted: Mar 9, 2010 11:51:04 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 11:50:45 PM Ignore FastAndy Report Abuse More taxes is always the answer for government and always the problem for the people.
BlackHorse Champion Author Twin Cities Posts:2,454 Points:618,785 Joined:Dec 2002	Message Posted: Mar 9, 2010 11:47:58 PM Ignore BlackHorse Report Abuse must be a way for Alaska to cash in on nat gas, and gt money to build that new pipeline.
dbatw Champion Author St. Louis Posts:1,686 Points:341,165 Joined:Apr 2009	Message Posted: Mar 9, 2010 11:40:34 PM Ignore dbatw Report Abuse must be lunkhead Sarah's idea....
mstearno Champion Author Dayton Posts:3,596 Points:798,315 Joined:Jan 2008	Message Posted: Mar 9, 2010 11:32:15 PM Ignore mstearno Report Abuse I wish we'd go back to appointing senators instead of voting for them they need to represent their state and not worry about re-election.
nightworker998 All-Star Author Maryland Posts:729 Points:303,835 Joined:Mar 2009	Message Posted: Mar 9, 2010 11:18:27 PM Ignore nightworker998 Report Abuse Yes if youheat or cook with gas or if your utility uses gas in its plants
Lukus Champion Author Halifax Posts:3,509 Points:713,240 Joined:Nov 2007	Message Posted: Mar 9, 2010 11:12:47 PM Ignore Lukus Report Abuse And this will effect us>
JoeKR Champion Author New Jersey Posts:4,987 Points:1,111,940 Joined:Feb 2006	Message Posted: Mar 9, 2010 11:12:27 PM Ignore JoeKR Report Abuse OGW: Most likely, no one but the politicians.
briguy101386 Rookie Author Oregon Posts:79 Points:27,060 Joined:Aug 2008	Message Posted: Mar 9, 2010 11:11:19 PM Ignore briguy101386 Report Abuse Can we leave England again?
comprof Champion Author Houston Posts:1,794 Points:392,275 Joined:Jul 2009	Message Posted: Mar 9, 2010 11:07:19 PM Ignore comprof Report Abuse More taxes some how.
OGW Champion Author London Posts:1,356 Points:671,940 Joined:Sep 2005	Message Posted: Mar 9, 2010 10:57:33 PM Ignore OGW Report Abuse Who will benefit if this is done?
zeddieiv Champion Author Columbia Posts:3,575 Points:1,067,485 Joined:Oct 2006	Message Posted: Mar 9, 2010 10:56:08 PM Ignore zeddieiv Report Abuse Itsounds like the alaskataxasaurus.
RobRD Champion Author Alberta Posts:3,828 Points:896,020 Joined:Jul 2007	Message Posted: Mar 9, 2010 10:52:25 PM Ignore RobRD Report Abuse Good for Alaska. Get the money while getting is good. When it is gone it is gone.
fightbigoil71 Champion Author Milwaukee Posts:2,790 Points:595,110 Joined:Nov 2008	Message Posted: Mar 9, 2010 10:52:20 PM Ignore fightbigoil71 Report Abuse Greed
minnesotagirl Champion Author Milwaukee Posts:1,177 Points:288,115 Joined:Oct 2009	Message Posted: Mar 9, 2010 10:49:28 PM Ignore minnesotagirl Report Abuse More taxes - just what we need.
LilRedWagonIN Champion Author Indiana Posts:2,835 Points:607,055 Joined:Oct 2008	Message Posted: Mar 9, 2010 10:42:39 PM Ignore LilRedWagonIN Report Abuse Sounds like having two taxes will increase state revenues and increase the cost of production and raise prices at the pump.
beachbumCA Champion Author Riverside Posts:4,069 Points:767,500 Joined:May 2008	Message Posted: Mar 9, 2010 10:34:38 PM Ignore beachbumCA Report Abuse This could be fun. TAX TAX TAX
Mowerman08 All-Star Author Milwaukee Posts:971 Points:433,615 Joined:Aug 2008	Message Posted: Mar 9, 2010 10:28:59 PM Ignore Mowerman08 Report Abuse Could this be the start of a new trend of taxing?
jb107 Champion Author New Jersey Posts:4,704 Points:1,647,990 Joined:Sep 2005	Message Posted: Mar 9, 2010 10:21:40 PM Ignore jb107 Report Abuse What do the people of Alaska have to say about it?
Jeeputtputt All-Star Author Cincinnati Posts:716 Points:182,695 Joined:Aug 2009	Message Posted: Mar 9, 2010 10:18:49 PM Ignore Jeeputtputt Report Abuse Nothing to do w/ the lower 48....
TXGasPriceSpy Champion Author Fort Worth Posts:2,691 Points:505,495 Joined:Sep 2008	Message Posted: Mar 9, 2010 10:12:37 PM Ignore TXGasPriceSpy Report Abuse I wonder what the final result will look like??
HailstormCA Champion Author San Diego Posts:3,487 Points:610,150 Joined:Nov 2008	Message Posted: Mar 9, 2010 10:08:54 PM Ignore HailstormCA Report Abuse And then start taxing electricity for use in vehicles at a comparable rate as gasoline .
OHMS Champion Author Orange County Posts:8,105 Points:913,635 Joined:May 2005	Message Posted: Mar 9, 2010 10:03:26 PM Ignore OHMS Report Abuse sounds like a good problem Alaska has; too bad other states with hydrocarbon reserves can't use them.
Asbury09 Champion Author Iowa Posts:2,392 Points:560,805 Joined:Jan 2009	Message Posted: Mar 9, 2010 10:01:23 PM Ignore Asbury09 Report Abuse this seems to be a single state issue
rugbyphil Champion Author Las Vegas Posts:13,771 Points:2,552,170 Joined:Apr 2003	Message Posted: Mar 9, 2010 9:58:25 PM Ignore rugbyphil Report Abuse taxing is bad for business...we NEED business to succeed
waynemustang Champion Author Indiana Posts:3,223 Points:844,300 Joined:Nov 2006	Message Posted: Mar 9, 2010 9:44:47 PM Ignore waynemustang Report Abuse Senate panel needs to consider NOT taxing gas and oil. It would be a huge stimulus to jobs and the economy.
burgerlover Rookie Author Santa Fe Posts:17 Points:2,820 Joined:Mar 2010	Message Posted: Mar 9, 2010 9:39:50 PM Ignore burgerlover Report Abuse I wonder what they'll tax when the oil and gas run out?
kidrockTX Champion Author Fort Worth Posts:3,854 Points:508,370 Joined:Sep 2008	Message Posted: Mar 9, 2010 9:23:28 PM Ignore kidrockTX Report Abuse so which will be taxed more
96sc1 Champion Author El Paso Posts:5,577 Points:731,715 Joined:Mar 2008	Message Posted: Mar 9, 2010 9:23:15 PM Ignore 96sc1 Report Abuse Speculation was illegal in the thirteen colonies as it was everywhere under British rule - this was one of the reasons the War of Independence was prosecuted. A free man in this country has the right to use his property to his advantage. Speculation is nothing more or less than a financial action that does not promise safety of the initial investment along with the return on the principal sum and profit is a payment for risk. God bless the U.S.A.!
danreino Champion Author Twin Cities Posts:3,801 Points:678,145 Joined:Mar 2008	Message Posted: Mar 9, 2010 9:18:35 PM Ignore danreino Report Abuse How about if they tax the speckulaters at 99% !!
methaneman All-Star Author Minnesota Posts:839 Points:797,635 Joined:May 2002	Message Posted: Mar 9, 2010 9:18:09 PM Ignore methaneman Report Abuse I got gas
Edtx2009 Champion Author Houston Posts:1,301 Points:267,665 Joined:Jun 2009	Message Posted: Mar 9, 2010 9:10:20 PM Ignore Edtx2009 Report Abuse just another way for greedy guvmints to get more tax money to waste.
PissedCanuck Champion Author Toronto Posts:3,832 Points:820,385 Joined:Nov 2006	Message Posted: Mar 9, 2010 9:04:53 PM Ignore PissedCanuck Report Abuse More money in the public coffers for broke governments everywhere.
SSchmidty Champion Author Illinois Posts:4,341 Points:821,295 Joined:Mar 2008	Message Posted: Mar 9, 2010 9:03:34 PM Ignore SSchmidty Report Abuse Now this will be one for the three blind mice .... go for pig-oil friends, poor-mouth your respective financial balance sheets.. This will be hoot!!!!
BKool Champion Author Michigan Posts:3,025 Points:1,439,920 Joined:Aug 2005	Message Posted: Mar 9, 2010 9:02:59 PM Ignore BKool Report Abuse Darn...
1Casey Champion Author Albany Posts:2,152 Points:999,450 Joined:Jun 2004	Message Posted: Mar 9, 2010 9:02:18 PM Ignore 1Casey Report Abuse Wait and see how this works, maybe good idea ?
janctx Champion Author Lubbock Posts:2,649 Points:858,335 Joined:Nov 2007	Message Posted: Mar 9, 2010 8:58:24 PM Ignore janctx Report Abuse I hope they keep those talks there
BKool Champion Author Michigan Posts:3,025 Points:1,439,920 Joined:Aug 2005	Message Posted: Mar 9, 2010 8:58:06 PM Ignore BKool Report Abuse It's already too late...
hank1326 Champion Author Los Angeles Posts:4,111 Points:773,200 Joined:Jun 2008	Message Posted: Mar 9, 2010 8:57:11 PM Ignore hank1326 Report Abuse Huge ditto to toadNY. We are mired in deep recession and our clueless new prez is busy with HIS health reform. Time to focus on the real problems before its too late for us.
96sc1 Champion Author El Paso Posts:5,577 Points:731,715 Joined:Mar 2008	Message Posted: Mar 9, 2010 8:44:35 PM Ignore 96sc1 Report Abuse When I was young there were many dirt and gravel roads. I don't think every road should be paved. [Edited by: 96sc1 at 3/9/2010 8:44:52 PM EST]
misterray Champion Author Oregon Posts:2,142 Points:526,990 Joined:Aug 2008	Message Posted: Mar 9, 2010 8:39:46 PM Ignore misterray Report Abuse Without taxes how are you going to maintain our crumbling highways?
mark1962 Champion Author Albany Posts:1,531 Points:332,645 Joined:Sep 2009	Message Posted: Mar 9, 2010 8:39:46 PM Ignore mark1962 Report Abuse I don't trust any of them ever. Never trustworthy!
CDT206 Veteran Author Atlanta Posts:346 Points:446,260 Joined:May 2005	Message Posted: Mar 9, 2010 8:34:30 PM Ignore CDT206 Report Abuse another way to get OUR money!
toadNY Champion Author Albany Posts:1,723 Points:545,510 Joined:Apr 2008	Message Posted: Mar 9, 2010 8:27:56 PM Ignore toadNY Report Abuse Taxes taxes& more taxes. sick of it Join the AMERICAN REVOLUTION to VOTE ALL INCUMBENTS OUT IN 2010 & obumer most ram health care on us, in 2012 & the rest of congress in 2014.
divebomber Champion Author Nebraska Posts:1,234 Points:846,705 Joined:Jun 2007	Message Posted: Mar 9, 2010 8:27:22 PM Ignore divebomber Report Abuse Of course gov't wants a larger cut of the take. Greed will kill us all.
Jo120 Champion Author Arizona Posts:3,464 Points:1,313,955 Joined:Mar 2005	Message Posted: Mar 9, 2010 8:26:27 PM Ignore Jo120 Report Abuse Alaska needs heating fuel. Taxing it, just raises costs to families and workers, hence, more demands for higher wages.
2granny Champion Author Michigan Posts:4,242 Points:489,025 Joined:Apr 2009	Message Posted: Mar 9, 2010 8:25:02 PM Ignore 2granny Report Abuse well, there go our gas prices. UP UP UP
lembs All-Star Author San Francisco Posts:782 Points:653,065 Joined:May 2005	Message Posted: Mar 9, 2010 8:19:23 PM Ignore lembs Report Abuse how will alaska's tax system impact the rest of the country?
uptherefiners Champion Author Chicago Posts:1,167 Points:273,975 Joined:Jun 2006	Message Posted: Mar 9, 2010 8:18:22 PM Ignore uptherefiners Report Abuse Quote: It taxes oil and gas together, with gas calculations based on its energy value relative to oil. Who was the mental midget that thought this up?
Bat99 Veteran Author Denver Posts:370 Points:123,880 Joined:Oct 2005	Message Posted: Mar 9, 2010 8:18:15 PM Ignore Bat99 Report Abuse Good for the people of Alaska.
YLHandyman Champion Author Orange County Posts:4,599 Points:833,570 Joined:Feb 2008	Message Posted: Mar 9, 2010 8:17:20 PM Ignore YLHandyman Report Abuse If it costs more then it is probably headed to California.
PathfinderSC Champion Author South Carolina Posts:4,575 Points:860,710 Joined:Mar 2008	Message Posted: Mar 9, 2010 7:58:18 PM Ignore PathfinderSC Report Abuse A man and his money is soon separated.