• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time

Fairclough: Raise tax rate for 25 percent stake

By Associated Press 10:48 AM March 4, 2014

The currently proposed tax rate is 10.5 percent, which would put the state's overall share at about 22 percent.

JUNEAU, Alaska (AP) – An Eagle River senator says she would like to see the tax rate in the gas line bill increased to give the state a full 25 percent stake in a liquefied natural gas project.

Sen. Anna Fairclough said during a Senate Finance Committee meeting Monday that she would like to see an analysis by the Legislature’s consultants on how competitive Alaska’s tax structure is.

The committee is considering a bill aimed at advancing the mega-project and plans to take public testimony Tuesday. Under the proposal, the state’s equity stake would be determined by its royalty share and gas tax rate.

The state is mulling a stake of 20- to 25 percent. The currently proposed tax rate is 10.5 percent, which would put the state’s overall share at about 22 percent.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest Stories

  • Politics

    Alaska governor put pension bond plan on hold

    by Associated Press on Oct 25, 14:35

    Gov. Bill Walker says the state will not proceed with plans to sell bonds to help pay for Alaska’s pension obligations at this time, citing lack of support from Senate lawmakers. In a statement Tuesday, Walker said administration officials discussed the proposal with the Senate Finance Committee but did not get buy-in for the idea. […]

  • DayBreak

    Recipe Box: Apple Doughnuts

    by Sierra Starks on Oct 25, 13:02

    The doughnut — in all its glory of icings, toppings and drizzles — is a breakfast staple. But Anchorage mom and blogger Lesleigh Frank recently took it one step further for her daughter’s third birthday. “I made pumpkin donuts and stacked them up on a big cake plate and then covered it in cream cheese frosting,” […]

  • News

    UN expert: Junk food is a human rights concern

    by Associated Press on Oct 25, 12:52

    UNITED NATIONS (AP) – A U.N. expert says junk food is a human rights concern. Hilal Elver said Tuesday the rise of industrial food production combined with trade liberalization has allowed large corporations to flood the global market with cheap, nutrient-poor foods that force poor people to choose between economic viability and nutrition, effectively violating […]

  • Cancer Bites: Helping cancer patients get the nutrition they need

    by Daybreak Staff on Oct 25, 10:58

    One of the biggest struggles for cancer patients is finding an appetite, as many patients just aren’t hungry. Starting this week, a free cooking series called Cancer Bites kicks off in an effort to help patients get the nutrition and strength they need to battle cancer. It’s being put on by Anchorage and Valley Radiation Therapy Centers. […]

  • News

    Anchorage police respond to vehicle versus pedestrian hit-and-run

    by KTVA CBS 11 News on Oct 25, 9:13

    The Anchorage Police Department (APD) is asking for help locating the driver of a sedan involved in a midtown Anchorage hit-and-run. According to APD, the collision was reported at 8:53 a.m., at A Street and Benson Boulevard. The vehicle ran a red light and struck the pedestrian, who had the right of way, police said. […]

  • APD: Robbers hit 2 Holiday Gas Stations

    by KTVA CBS 11 News on Oct 25, 7:50

    Two early morning robberies at Anchorage Holiday Gas Stations are under investigation. The first robbery took place a 5:30 a.m. Tuesday at a gas station on Huffman Road, according to a release from the Anchorage Police Department (APD). Police were told two armed males, wearing black clothing and masks, entered the store with guns and demanded money, […]

  • News

    Alaska looks to boost employment with grant money

    by Associated Press on Oct 25, 6:52

    ANCHORAGE, Alaska (AP) – The state of Alaska has received a $1 million grant to help bolster local employment within the state’s health care and aviation industries. The Alaska Public Radio Network reports (http://bit.ly/2dR6RKw ) the U.S. Department of Labor grant will support apprenticeship programs, which the state hopes will encourage more companies to hire […]

  • Police identify man killed in Government Hill homicide

    by KTVA CBS 11 News on Oct 25, 0:25

    Last updated at 10:10 a.m. on Tuesday, Oct. 25 The Anchorage Police Department (APD) has released the identity of a 29-year-old man who was shot and killed in Government Hill, late-Monday night, as Ian Alex Bobich. Bobich’s next of kin has been notified. In an updated release from police Tuesday morning, the agency said no […]