Gov. Sarah Palin is expected to sign a measure increasing taxes on Alaskan oil production. The bill reflects most of the goals she set out before calling the Legislature into a month-long special session that ended Nov. 15. The bill increases the base rate of the state’s petroleum production tax to 25% from 22.5%, plus surcharges when oil prices are high. The legislation also overhauls the tax deduction system used to encourage investments by oil producers.Between the new tax rate and the surcharge, the state government is projecting a $1.6 billion general fund windfall for the next fiscal year.Palin was elected governor in November 2006. She said it was necessary to revisit the oil production tax overhaul the Legislature approved in 2006 because it was tainted by corruption. Three former lawmakers have been convicted this year on federal corruption charges, with one more facing trial.
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The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
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"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
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The law firm revealed 2024 promotions.
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As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
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The extension of the current solar net metering system could lower revenue for the utility.
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The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
April 18