|
(Continued from page 19)
Shop owner sentenced for failing to pay sales tax
• RAPID CITY, S.D. (AP) -- A 36-year-old Rapid City businessman has been sentenced to eight years in prison for failing to pay sales tax.
• Attorney General Marty Jackley and Department of Revenue Secretary Andy Gerlach say that Richard W. Guthmiller, the owner and operator of 605 Collision & Custom Paint, filed eight returns between February 2008 and March 2011 stating he owed no sales tax.
• Guthmiller was convicted by a Pennington County jury in February of eight counts of making false or fraudulent sales tax returns in attempting to defeat or evade sales tax.
• Guthmiller was ordered to pay restitution in the amount of more than $9,000 in tax, penalty and interest, as well as fees and court costs. He was also fined $1,000 for each of the eight counts.
•
TransCanada says Keystone XL to be delayed
ROB GILLIES,Associated Press
• TORONTO (AP) -- The chief executive of TransCanada Corp. said Friday the long-delayed Keystone XL pipeline will be in service months later than expected and cost more as it continues to await U.S. government approval.
• TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. It is now looking at a mid to late-2015 start-up.
• CEO Russ Girling noted on a conference call with analysts detailing first quarter results that the controversial pipeline is in its 67th month of the approval process.
• "Unfortunately, continued delays ... have an impact on both our schedule and our costs. Based on our current assessment of timing of the permit we would currently anticipate the pipeline could become operational in the second half of 2015," Girling said.
• The Calgary, Alberta-based company said the $5.3 billion cost estimate will increase depending on the timing of the permit.
• The Obama administration is considering whether to approve the pipeline, which would carry 800,000 barrels of oil a day from Alberta across six U.S. states to the Texas Gulf Coast. A decision is expected this summer.
• The pipeline has become a flashpoint in the U.S. debate over climate change. (Continued on page 21)
|
|
