Day - July 16, 2017

House Majority Coalition

NEWS: Compromise Achieved to Reform Alaska’s Unsustainable Oil Tax Credit System

Juneau – Tonight, the Alaska Legislature passed a compromise version of legislation to reform Alaska’s system of subsidizing the oil industry on the North Slope with tax credits. House Bill 111 ends Alaska’s unique cash for tax credits system and strengthens the four percent minimum tax to ensure Alaska receives some production tax revenue in times of low oil prices. Tonight’s compromise was brokered by House Resources Committee Co-chair Representative Geran Tarr (D-Anchorage), who served as the Chair of the HB 111 Conference Committee.

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Alaska House Majority Coalition

Rep. Bryce Edgmon
Speaker of the House
Toll-Free +1 800 898-4451
Room 208 Capitol Bldg.

Rep. Chris Tuck
Coalition Leader
Toll-Free +1 (866) 465-2095
Room 204 Capitol Bldg.

COALITION STAFF:

Amory Lelake 465-4451
Caucus Staff
Aurora Hauke 465-5051
Caucus Staff
Mike Mason 444-0889
Press Secretary