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.
- It’s costing 14 percent more to take the ferry to and from the Lower 48. The higher fare is part of another round of tariff increases aimed at boosting income and equalizing rates across all routes.
- Senate Bill 91 is one of the most hotly debated bills of the session.
- "A one candidate shift I don’t think it’ll make a difference. But five? That could make a difference," said GOP chairman Peter Goldberg regarding Donald Trump's delegate count.
- When the second phase of the project is complete next year, Skagway, Juneau and Ketchikan will all be able to accommodate four Panamax ships at once.