Last Tuesday, Alaska voters rejected a referendum proposal that would have repealed oil and gas production tax legislation signed into law by Governor Sean Parnell in May 2013, known as the “More Alaska Production” Act.
With the referendum rejected, we thought our readers would appreciate a review of what this might mean for the oil and gas industry in Alaska. A recent article we published in Alaska Business Monthly discussed in detail the trends and specifics of the production tax credits that remain in effect after the vote. Read on for the full discussion at “Alaska Tax Credits Promote Financing Opportunities.”
For a point-by-point discussion of Alaska’s oil and gas production tax structure, see our June 2013 Tax Law Alert.