Alaska's Fair Share
 
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Alaska’s Fair Share

THE FAIR SHARE ACT IS A BALLOT INITIATIVE THAT WOULD INCREASE
THE STATE OF ALASKA’S (STATE) SHARE OF REVENUES FROM THE PRODUCTION OF OIL.

Why We Need the Fair Share Act: The Fair Share Act will give the State an increased and more transparent share of oil production revenues. The additional revenues from the Fair Share Act could be used by the Legislature to fund essential government services such as education, universities, health care, public safety, rural electric equalization, and marine highway transportation, as well as to fund capital projects, the permanent fund, and permanent fund dividends. As such, the Fair Share Act provides the Legislature with additional revenues to support commonsense solutions to the major issues currently facing Alaskans.

How the Fair Share Act Works

  1. Applies to Larger North Slope Fields

  2. Greater of the Gross or Net Production Tax

  3. Gross Production Tax

  4. Net Production Tax

  5. Requires Transparency

  6. Additional Revenues Raised

initiative language and details