The State Supreme Court reaffirmed on Wednesday that the Trans-Alaska Pipeline is worth $10 billion.
Oil companies had argued that the pipeline should only be assessed at $850 million, and they based that number on the tariffs collected. At that lower value, the property taxes they 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. Its worth also comes from its ability to transport the billions of barrels of oil from the North Slope.
While the decision only concerns the 2006 assessment, oil companies have made similar arguments over the pipeline’s for other tax years.
- When traveling into the wilderness, the Alaska Rescue Coordination Center recommends travelers take a personal locator with them.
- The subsistence harvest is scheduled to open April 2 and run through August 31. The fall hunt is set to begin in September.
- The Bethel City Manager decided to change the accident policy to give city truck drivers who are found to be negligent tickets and drug tests.
- Two months after Pearl Harbor, President Franklin Delano Roosevelt signed the executive order that paved the way for Japanese-American internment. Decades later, those dark days resonate.