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The Cordova Times Alaska has not increased its state tax rates on mining since before statehood. In any review of Alaska’s state revenue picture, this is a startling fact, one that legislators and governors have ignored for generations. For the last 45 years, the ready flow of oil dollars from taxes and royalties has prevented any real analysis of the matter. The foreign mining companies that dominate the industry in Alaska will be the first to say the taxation system on mining is perfect, except the state should strip local governments of the ability to levy added mining taxes. “Alaska’s current mineral taxation system does not need to be revised. The system is comprehensive and fair to the state and the industry,” the companies declared in 2019.

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