BLM distributes almost $14 million for tax exempt lands - July 07, 2002

Providing coverage of Alaska and northern Canada's oil and gas industryJuly 2002

Vol. 7, No. 27

Week of July 07, 2002

BLM distributes almost $14 million for tax exempt lands

Petroleum News Alaska Staff

The Bureau of Land Management said it began sending payments of almost $14 million to 27 local Alaska governments June 28 in accordance with the Payment in Lieu of Taxes Act.

This year Alaska will receive $13,969,645 in payments in lieu of taxes based on 237,718,650 entitlement acres, BLM said, an increase of $628,242 from last year.

The BLM payments are intended to offset the loss of tax revenue to states and localities caused by tax-exempt federal land within their jurisdictions.

The Matanuska Susitna Borough received the most, $1,585,149, followed by the Kenai Peninsula Borough, $1,579,494, and Juneau City and Borough, $1,067,461.

Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- https://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©1999-2019 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.