Alaska senators propose changes to gas output tax

摘要

Juneau, Alaska-The chairman of the Alaska Senate's Finance Committee said February 26 he will seek legislation changing the state's production tax on natural gas in advance of a scheduled May 1 start of a TransCanada open season for a $30 billion-plus gas pipeline.State law currently allows producers bidding for capacity on TransCanada's line to lock in for 10 years the tax rates that exist May 1. But Finance Committee Chairman Bert Stedman, a Republican, said he objects to the structure of the current tax in providing for a substantial reduction in state taxes on oil as well as gas under certain market conditions.