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Archive for Friday, May 18, 2012

Court denies request to rethink pipeline ruling

May 18, 2012

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— A state appeals court has refused to reconsider a decision that lets Calgary-based TransCanada avoid paying nearly $19 million in property taxes for 2011.

KCLY reports the Court of Tax Appeals on Wednesday denied a Kansas Department of Revenue request that it rethink an earlier ruling that TransCanada's Keystone pipeline met requirements under a 6-year-old exemption.

Kansas lawmakers passed the tax exemption in 2006 when TransCanada was exploring the route through Kansas. The law included income tax credits, financing and a 10-year property tax exemption.

The Revenue Department argues the pipeline doesn't provide refineries in the state with proper access to the pipeline's oil. The court ruled the law doesn't require direct access and doesn't specify how the refineries are to get the oil, which they do receive.

Comments

FalseHopeNoChange 1 year, 11 months ago

The ol' boy in Nebraska that has 'eyebrows' like Leonid Brezhnev, doesn't want the pipe cuz his choo choo's haul the oil.

He and Flex have a 'sweetheart' crony deal. The First Gay President takes care of his 'cronies' whether that are composite or not.

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usnsnp 1 year, 11 months ago

the question that should be asked, how much of this oil will be used in the United States. If you really look into it this Canadian oil is to be exported on the world market and will not drop the cost of gas one penny, in fact it may raise the cost of gas in the midwest. If you do not believe this get online and check it out.

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blindrabbit 1 year, 11 months ago

The last thing Canada wants to do is build a pipeline to it's pristine West Coast British Columbia coast possibilities! Let the US take the spill risks and subsidize the costs. They remember Exxon Valdez, and Hazelwood drunk at the helm. Canada, and specifically, B. Columbia, Yukon and Northwest Territories are so mineral rich, oil, gas, and metals they could dominate those markets if they had easy export access. No railroads exist in Northern B.C., and the others!

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Leslie Swearingen 1 year, 11 months ago

Seriously? Just why would Kansas give TransCanada so much financial aid in the way of tax breaks and such when the potential for ground and water damage are so great, and the oil is headed for the Gulf to be shipped overseas? Besides temporary jobs what would Kansas get out of the deal? Canada has two coasts so why doesn't TransCanada build the pipeline to one of those and ship from there? Would Canada help defray the cost of building the pipeline? If not, why not?

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geekin_topekan 1 year, 11 months ago

Woohoo!! thanks blowsalot!!!

19Million gone like a horsefert in the wind!! Plus, we don't get to use any of the oil the pipeline provides..to...China!!!

Repubs rock!

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