Here are the facts

How our tax system compares with others

Source: Independent Economist Roger Marks
Government share at $60 per barrel includes all state and federal taxes and royalties

Alaska has had eight tax systems in 15 years.

Our resource industries need stability.

  • Pre-2005: Economic Limit Factor (“ELF”)
  • 2005: “Aggregated” ELF for Prudhoe Bay field and its satellies
  • 2006: Petroleum Production Tax (PPT)
  • 2007: Alaska’s Clear & Equitable Share (ACES)
  • 2013: SB 21
  • 2014: SB 138 (natural gas)
  • 2016: HB 247
  • 2017: HB 111

Just last November Alaskans sent Ballot Measure 1 down to defeat on a vote of 57.9% to 42.1%.

Oil Companies Pays Hefty Taxes and Royalties to Alaska in Good Years and Bad

Oil company tax chart

Source: 2020 Fall Revenue Source Book

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.