Lacombe County concerned about unpaid oil and gas property taxes
Lacombe County is speaking up to support the Rural Municipalities of Alberta (RMA) in highlighting the concerns and implications of unpaid oil and gas property taxes.
Recently, the RMA provided member municipalities with the results of a survey they conducted on unpaid oil and gas property taxes borne by rural municipalities in Alberta. The survey results indicate that rural municipalities face an overall unpaid oil and gas property tax burden of $245.7 million, with still-operating oil and gas companies responsible for 57% of these unpaid taxes.
“Lacombe County recognizes the challenges facing the oil and gas industry and has a long history of partnering with companies operating in the area to grow the rural economy,” said Paula Law, Reeve of Lacombe County. “Many of our ratepayers are experiencing financial difficulties from the economic downturn and effects of the COVID-19 pandemic. We do not support shifting the unpaid oil and gas taxes to Lacombe County property owners because some oil and gas companies are choosing not to fulfill their property tax commitments.”