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.
- Lindemuth said her work on the Fairbanks Four case is among the most meaningful she’s done in her life.
- University budget cuts have forced UAS to lay off staff and rethink which programs to fund.
- According to the report, the pools recover a nearly a third of the more than $1 million it takes to run them.
- While the EIA baseline case shows Alaska contributing almost nothing to U.S. oil production in a few decades, that’s not the only scenario.