The complex story of state tax creditsA system to incentivize oil and gas exploration has evolved over the years, along with different tax regimes and changing priorities ALAN BAILEY Petroleum News
Characterized as oil industry subsidies by some and as state resource investments by others, the various tax credits the state of Alaska offers for oil and gas exploration and development have become a major headache in balancing the state’s fiscal books in an era of low oil prices. The tax credit s....
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Changing tax regime Exploration credit Qualified capital expenditure Per-barrel credit The tax credit payment challenge The changing state tax credit payments
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