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.
- The Duke and Duchess of Cambridge, Prince William and Kate Middleton, were met by a large crowd, music and dancing in Carcross this week. They event was part of a larger tour around the Yukon after traveling through British Columbia. The visit focused on First Nations issues and culture.
- The Central Council of Tlingit and Haida Indian Tribes of Alaska has a new target date for opening its cultural immersion park at the old Thane Ore House. Last year, Central Council officials had hoped it would open this summer. Now, they’re shooting for 2018, after the Juneau Assembly approved a 1.2-acre land lease making it possible Monday evening.
- William Quayle, Jr. is running for the District 1 Juneau Assembly seat. The municipal election is Oct. 4.
- Winds of that speed can uproot trees, knock branches down and damage property, including vessels and aircraft moored and tied down outdoors.