ITEM TITLE:
#24-16 - Enacting Chapter 3.30 of the Valdez Municipal Code Entitled Oil And Gas Exploration, Production, Pipeline Transportation, and Spill Prevention And Response Property Tax. Second Reading. Adoption.
SUBMITTED BY: Jake Staser and Robin Brena, City Attorneys
FISCAL NOTES:
Expenditure Required: n/a
Unencumbered Balance: n/a
Funding Source: n/a
RECOMMENDATION:
Approve Ordinance 24-16 in second reading for adoption.
SUMMARY STATEMENT:
Ordinance 24-16 related to local taxation of oil and gas exploration, production, and pipeline transportation property deemed not taxable under AS 43.56 is attached for review.