In a six-week campaign, the RMA will share how Government of Alberta policies have impacted municipal tax revenue
In recent years, the Government of Alberta (GOA) has implemented several policy initiatives to reduce oil and gas industry costs at the expense of municipal revenue. Below the Drill will share information on lost municipal tax revenue as a result of provincial government policies.
This week Below the Drill explores the new drilling assessment holiday. In the early days of the COVID-19 pandemic, the Government of Alberta announced a three-year assessment holiday on new wells and pipelines. In effect, this means that wells drilled and pipelines installed during the tax years of 2022 to 2024 will not pay municipal taxes during that period. The assessment holiday on new wells and pipelines cost RMA members $52.6 million in taxes for the period of 2021-2023. Visit the Below the Drill website to learn more.
Watch for information shared through Contact, social media, and updates at rmalberta.com/belowthedrill.
Warren Noga
Policy Advisor
825.319.2285
warren@RMAlberta.com
Wyatt Skovron
General Manager of Policy & Advocacy
780.955.4096
wyatt@RMAlberta.com