This summarizes the six-step order of operations used to calculate production taxes for the Prudhoe Bay Unit (PBU) for 2018 under SB21 and the Fair Share Act. Under SB21, the total production taxes on production from the PBU in 2019 was $229.7 million on net income (net production value) of [Read More...]
This compares production taxes since SB21 passed (2015-2019) under SB21 and the Fair Share Act with and without cashable credits included. Without cashable credits considered, the five-year average was $403 million under SB21 and $1,552 million under the Fair Share Act or a $1,149 million difference. With cashable credits [Read More...]
Detailed Modeling by Former Tax Director of the Department of Revenue Compares Existing Production Taxes Under Senate Bill 21 with Ballot Measure 1 The comparison reveals the State has paid and owes more in cashable credits than it has received in production taxes under SB21. It also reveals permitting unrelated costs [Read More...]
