Will the 10% energy tax enable the city/borough to gain any revenue from the pipeline?
Question: Will the 10% energy tax enable the city/borough to gain any revenue from the pipeline?
Answer: The short answer is no. The authorty to tax pipeline properties is retained by the state. If cities or boroughs with oil and gas properties within their boundaries have a property tax, the state will in turn share a portion of the collected taxes. The Deltana Borough proposal does not include a property tax. The energy tax only covers the sell of energy (electricity) within the proposed borough region.
Answer: The short answer is no. The authorty to tax pipeline properties is retained by the state. If cities or boroughs with oil and gas properties within their boundaries have a property tax, the state will in turn share a portion of the collected taxes. The Deltana Borough proposal does not include a property tax. The energy tax only covers the sell of energy (electricity) within the proposed borough region.
