The Alaska Supreme Court has reaffirmed a lower court ruling that set the 2006 value of the Trans-Alaska pipeline for tax purposes at nearly $10 billion.
Oil companies had argued the 800-mile pipeline and terminal facilities should be assessed at $850 million, based on the tariffs collected. At the lower value, the property taxes that producers pay to cities like Fairbanks and Valdez would be dramatically reduced.
The Supreme Court found that tariff income isn’t the only value derived from the pipeline. The court says the pipeline’s worth also comes from its ability to transport billions of barrels of oil from the North Slope.
While Wednesday’s decision concerns only the 2006 assessment, oil companies have made similar arguments over the pipeline’s worth for other tax years.
- During his first year in Iraq, Richard Marshall drove 96 combat missions. He left at the end of 2007 and he returned in 2010. He also worked on contract in Afghanistan for two and a half years.
- Watch Caleb Klauder and Reeb Wilms peform a Red Carpet Concert during the 2017 Alaska Folk Festival
- Our weekly education news roundup: Trump administration unveils its 2018 budget proposal; DeVos talks school choice in Indianapolis, then faces a grilling from lawmakers.
- DOD inspectors declined the offer and "at no time viewed the remains" during a review of the mortuary at Dover Air Force Base. The Air Force says it will investigate the incident.