Big Oil Sues Alaska for $50 Million
Big Oil Sues Alaska for $50 Million
ANCHORAGE (CN) - Big Oil companies, Trans Alaska Pipeline owners, developers and leaseholders demand refunds of more than $50 million in property taxes they paid to Alaska under protest.
BP, ConocoPhillips, ExxonMobil, Koch Alaska Pipeline Co. and other oil and pipeline companies sued the cities of Anchorage, Valdez, Fairbanks, North Slope and the state, in three state courts.
The oil companies seek partial refund of property taxes on the Trans Alaska Pipeline System (TAPS), which they say they paid "under protest" for 2011.
In one complaint, the TAPS owners and co-plaintiff Alyeska Pipeline Service Co. claim they were overcharged, and overpaid, $38.6 million to Valdez, under protest.
http://www.courthousenews.com/2013/07/18/59464.htm