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.
- October 12, 2015- "It shows a place of ownership," said Dewey Hoffman with First Alaskans Institute. "Our smokehouse is a metaphor for our communities."
- October 12, 2015- In 2014, Churchill shared her introduction to weaving with an audience at KTOO. She’d been wary as a child, but as a young adult, took a class from her mother, master weaver Selina Peratrovich.
- October 12, 2015- Monday's small claims case between a trapper and a trap springer was supposed to last an hour, but after about two and half hours in District Court, it's stretching into a second day.
- October 12, 2015- Begich urged the young attendees to participate in their communities, to vote and to stay positive. He drew on his own life for illustration.