House begins considering PPT change
Regulations not yet written for this portion of new tax law; BP concerned that changes create further ambiguities in what’s deductible
The Alaska Legislature continues to discuss changing allowable deductions in the PPT, the Petroleum Profits Tax passed last year. House Bill 128, the companion to Senate Bill 80 (see story in Feb. 25 issue of Petroleum News) got its first hearing in the House Special Committee on Oil and Gas. The co....
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Could regulations cover it?
BP concerned with potential ambiguity
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