• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Alberta cuts deal on municipal oilpatch levies; not on unpaid property taxes

October 19, 20201:13 PM The Canadian Press0 Comments

EDMONTON – Alberta has announced a three-year deal that it says will prevent municipal taxes and levies from harming its already battered energy industry.

But the deal leaves unresolved the issue of rural property taxes that some companies have refused to pay — taxes that totalled $173 million by last January.

Municipal Affairs Minister Tracy Allard says the industry will get a three-year break on property taxes for new wells, pipelines and new equipment.

The province will also lower assessments for less productive oil and gas wells and keep in place the assessments it recently lowered for shallow gas wells.

The government did not release a price tag for the tax breaks, but a spokesman for the Canadian Association of Petroleum Producers has said they could save industry more than $80 million.

Al Kemmere of Rural Municipalities Alberta says his group has received no assurances that outstanding tax bills will be paid or that the new lowered rates will be honoured.

Still, he called the stopgap measures an effort to achieve a fair balance between the needs of members an industry struggling to survive.29dk2902l

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Canada unveils GHG reduction credits to boost carbon trading market
  • Canada’s weekly rig count drops 5 to 172
  • AER suspends SanLing Energy Ltd.’s operations
  • U.S. drillers add oil and gas rigs for second week in a row
  • Tamarack Valley Energy upsizes previously announced financing

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.