How Our Tax System Compares With Others
Government share at $60 per barrel includes all state and federal taxes and royalties
Oil Companies Pay Hefty Taxes and Royalties to Alaska in Good Years and Bad |
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|---|---|---|---|
| Revenue Source | FY 2021 | FY 2022 | FY 2023 |
| Production Tax | $3,110,000,000 | $1,801,600,000 | $1,610,400,000* |
| State Property Tax | $122,200,000 | $1,259,300 | $1,263,500 |
| State Income Tax | $22,000,000 | $297,500,000 | $390,000,000 |
| Royalties to Alaska | $702,700,000 | $122,400,000 | $166,300,000 |
| Other Revenue | $11,400,000 | $593,500,000 | $732,300,000 |
| State Share | $1,160,800,000 | $4,074,300,000 | $4,112,400,000 |
| Daily TAPS Throughput** | 477,798 | 476,500 | 491,700 |
| Price of Oil | $53.05 | $81.64 | $78.54 |
| Source: DOR Revenue Sources Book Fall 2022 * Projected ** Barrels per day according to Alyeska Pipeline Co. |
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About KEEP
KEEP Alaska Competitive is a 501(c)(6) organization composed of individual Alaskans, Alaska Native organizations, businesses and labor groups who care deeply about our long-term economic future. We do not take contributions from oil producers.