Alberta offers property tax exemption to energy companies drilling wells or building pipelines

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The province introduced a three-year property tax exemption for energy companies drilling new wells or building new pipelines and has eliminated the well drilling equipment tax for new drills.

"We are acting now to encourage new oil and gas development that will create jobs and boost Alberta’s recovery," said Minister of Municipal Affairs Tracy Allard in a statement released Monday. "Alberta needs to be as competitive as possible to attract investment into our communities.

"We know our municipal partners are committed to do their part to create jobs and support Albertans through this challenging economic time. We are working to secure a brighter future for our province by supporting both industry and communities." Alberta will also lower assessments for less productive oil and gas wells. The province previously announced a 35 per cent assessment reduction on shallow gas wells for three years.

 

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Maybe the province should be asking muni's why they were sitting on $17 billion dollars of reserve at the end of 2018. ALL collected from the energy industry. overtaxation=waste

What they are offering doesn’t belong to them it belongs to rural governments,

Whoever named this town and passed this circuit should b fired

Here we go again.

Didn't AB just cut 11 000 nurses? So they don't have enough money to pay nurses but they can give corporations tax breaks...brilliant!

So who will be on the hook for this money?! More cuts to government services? Albertans deserve to know! RachelNotley albertaNDP YourAlberta Alberta_UCP UniteAlberta ableg

Hahahahaha corporate welfare

Why? Does he offer property tax breaks to those who. 'Consume* the end products? No, so why should the Billionaires get a break?

They really want to die on that hill eh...Conservatives will never learn.

More money out of taxpayers hands who must allow oil companies on their land. Oil owes farmers & ranchers $10,000s

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