SB114 — An Act establishing an income tax on certain entities producing or transporting oil or gas in the state; relating to the oil and gas production tax; and providing for an effective date.

SB114 — An Act establishing an income tax on certain entities producing or transporting oil or gas in the state; relating to the oil and gas production tax; and providing for an effective date. · Informed CitizenrySB114 establishes a 9.4 percent tax on qualified taxable income exceeding $4,000,000 for entities involved in producing or transporting oil or gas in Alaska. The bill defines 'entity' to include so…Open in Informed Citizenry