Alaska funds its state government largely by taxing oil production. But last year, faced with dwindling production, the legislature narrowly passed tax cuts to lessen the burden on energy companies in hopes of encouraging more drilling and generating more tax revenue. One Alaska lawmaker said they looked to the Lower 48 for inspiration. “Because we […]
A new ruling this week from Travis County District Judge John Dietz this week could cost the state of Texas billions in tax revenue. Ruling in favor of the drilling company Southwest Royalties, the court found that oil and gas equipment used for exploring and completing wells should not be subject to sales tax because it […]
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