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Archive for Thursday, May 10, 2012

Kansas agencies wrangle over Keystone pipeline taxes

May 10, 2012

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— There's disagreement in Kansas over whether oil company TransCanada should be exempt from paying millions in property taxes for the section of its Keystone pipeline that moves oil through Kansas to Oklahoma.

The Kansas Department of Revenue wants the Kansas Court of Tax Appeals to reconsider its decision to approve TransCanada's 2011 property tax exemption.

The department estimates TransCanada owes nearly $19 million in 2011 property taxes for the pipeline that's been operating since last year. The department says the pipeline doesn't meet a requirement that Kansas refineries must have access to the oil in order for TransCanada to get the exemption.

The Court of Tax Appeals, however, says the pipeline meets the access requirement because Kansas refineries can get the oil from facilities in Oklahoma.

Comments

tolawdjk 2 years, 7 months ago

So they aren't getting the oil from the pipeline, they are getting the oil from the facility in Oklahoma that the pipeline feeds to.

That there is some brilliant reasoning.

Bob_Keeshan 2 years, 7 months ago

According to the google, Kansas is the only state in the area that passed a property tax exemption for Keystone. That's why Keystone is getting a free ride -- the legislature gave it to them! The GOP legislature attached it to a bigger bill, handing away these millions in property taxes.

It appears the Republicans now have buyer's remorse, having realized they gave Keystone a property tax break the company didn't even want.

pace 2 years, 7 months ago

I hope it transform into voter's remorse.

Mike1949 2 years, 7 months ago

Not likely, you got too many farmers who want to get paid for not planting any crops, etc.

Michael LoBurgio 2 years, 7 months ago

Key Facts on Keystone XL

Energy Security: Tar Sand will not Reduce Dependence on Foreign Oil

Keystone XL will not lessen U.S. dependence on foreign oil, but transport Canadian oil to American refineries for export to overseas markets.

http://www.tarsandsaction.org/spread-the-word/key-facts-keystone-xl/

just_another_bozo_on_this_bus 2 years, 7 months ago

Yes, but they are "job creators." That means they can't be questioned or denied on any level-- a precept you normally support.

pace 2 years, 7 months ago

The corporations behind the Keystone line is one rich company. They should pay taxes. I pay mine.

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