TSA, Coast Guard in AK Pot Discussion
Presiding over busy waterways and airspace that serve as unofficial highways of an inhospitable state twice the size of Texas, the federal government has a looming presence over Alaska and its famously live-and-let-live residents. And Uncle Sam considers marijuana illegal over every inch. This poses unique hurdles for entrepreneurs hoping to capitalize on an Alaska move to legalize recreational marijuana, and who seek to grow and process products to be marketed across the state, much of which is accessible only via transport links policed by U.S. agencies and governed by federal law. To get around such obstacles, some investors say they plan to launch location-specific seed-to-sale businessesā¦
Alaska Upholds City of Valdez Tax on Large Vessels
On April 25, 2008, the Alaska Supreme Court held that a City of Valdez property tax, apportioned based on days docked in the City over days docked everywhere and imposed on large vessels, did not violate the Due Process, Commerce or Tonnage Clauses of the U.S. Constitution. City of Valdez v. Polar Tankers, S-12218/12223, Supreme Court of Alaska (April 25, 2008). In 2000, the City of Valdez (the "City") adopted a personal property tax (the "Vessel Tax") to compensate for its declining oil and gas property revenues. Revenues were declining as a result of a depreciation formula negotiated by the State of Alaska and the owners of the Trans Alaska Pipeline System (the "TAPS"), which included Conoco Phillips and Exxon Mobil, in the mid-1980s.
