Day - February 10, 2017

Tarr's Times

Rep. Tarr’s Newsletter: Carrying Alaska North to the Future

Right now, the oil industry is required to pay a minimum tax rate of 4% for every barrel they pump out of Alaska, and this 4% is not a fixed rate. Corporations can apply subsidies and concessions to reduce the cost of doing business in Alaska, and that minimum 4% tax rate? It’s flexible. In addition to this flexible minimum tax, our current oil and gas tax system has overly generous subsidies that have become unsustainable. The intention was to offer economic incentives to small oil companies as a way to encourage oil production because the Big Three aren’t doing as much exploration and development work and production is down.

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Rep. Adam Wool

NEWS: Energy Efficiency Legislation Approved By the Alaska House of Representatives

Juneau – The Alaska House of Representatives has passed legislation sponsored by Representative Adam Wool (D-Fairbanks) to help lower energy costs for commercial property owners. House Bill 80 establishes a process for cities and boroughs to create a Property Assessed Clean Energy (PACE) financing mechanism to cover loans for alternative energy and energy efficiency improvements.

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Magdalena Oliveros
+1 (907) 269-0144
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Phone: +1 (907) 465-3424
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