• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
44s

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 This material may not be published, broadcast, rewritten or redistributed.)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

  • News

    Charleston church shooting suspect to face death penalty, prosecutor says

    by CBS News on Sep 03, 16:16

    The white man accused of killing nine black churchgoers during a Bible study will face the death penalty, prosecutors say. Court documents filed Thursday said prosecutors would pursue the death penalty against Dylann Roof, 21, because more than two people were killed, and that others’ lives were put at risk. During a press conference on Thursday, South […]

  • News

    President Obama reflects on his visit to Alaska

    by KTVA Web Staff on Sep 03, 14:54

    In a video posted to the official White House Twitter account Thursday, President Barack Obama reflected on his three-day visit to Alaska. Standing with the Kotzebue Sound as his backdrop, the president remarked on the unique challenges residents of the Arctic face. He also talked about his trip to Dillingham, where he took part in […]

  • Crime

    Juneau police ask for public’s help finding masked thief

    by KTVA CBS 11 News on Sep 03, 14:07

    Juneau police are asking for the public’s help in finding a masked thief who recently broke into a downtown liquor store and made off with $3,600 in cigarettes. Officers responded to an alarm at Thibodeau’s Home Liquor in Juneau around 1:16 a.m. on Aug. 31. After watching surveillance video, according to a release from the […]

  • Lifestyle

    Repsol settles with EPA over Alaska spill

    by Associated Press on Sep 03, 13:20

    The American subsidiary of a Spanish oil company will pay just over $30,000 after a 2013 spill on Alaska’s North Slope. The U.S. Environmental Protection Agency says Repsol E&P USA will pay to settle allegations it violated the Clean Water Act. The company didn’t immediately return an email to The Associated Press on Thursday seeking […]

  • Lifestyle

    Millennials describe themselves as self-absorbed, wasteful

    by Associated Press on Sep 03, 12:53

    Even millennials don’t think much of their generation. A Pew study released Thursday shows 59 percent of millennials described their generation as “self-absorbed.” Almost half – or 49 percent – said they were “wasteful,” and 43 percent said they were “greedy.” The highest-ranking positive traits they came up with were “environmentally conscious” at 40 percent […]

  • DayBreak

    Local blog aims to have it all when it comes to music, art, entertainment

    by Daybreak Staff on Sep 03, 11:07

    Alaskans looking to get out and have a good time after a long week at work or school often turn to one blog in particular to get the 411 on local entertainment, music, the arts, events and more. Phil Crawford with 907 Life joined Daybreak Thursday with the latest from his blog and First Friday […]

  • DayBreak

    Food-themed events planned in Anchorage during ‘Hunger Action Month’

    by Daybreak Staff on Sep 03, 10:46

    September is “Hunger Action Month.” It’s a movement to ensure no Alaskan goes hungry. Mike Miller, the executive director with the Food Bank of Alaska, joined Daybreak Thursday to talk about the organization’s two campaigns it’s promoting called “Go Orange” and “Spoontember.” “Hunger Action Month is all month, but on Sept. 3 we ask people […]

  • Weather

    Daybreak weather, Sept. 3

    by Rachael Penton on Sep 03, 10:12

    Anchorage Cloudy with on-and-off rain. Highs in the mid to upper 50s. Kenai and Prince William Sound Cloudy with on-and-off rain. Highs in the 50s. *A flood advisory is in effect through Friday evening for the Kenai River from the Kenai Lake to Skilak Lake. Minor flooding is possible. Low-lying areas surrounding Kenai Lake could […]