Day - July 21, 2017

Rep. Gabrielle LeDoux

Rep. LeDoux’s July 21st Newsletter: End of cash credits & adjournment

Late Saturday night, the legislature found compromise and passed HB111, ending cash payments to oil companies. This effort will save the state $150-200 million annually for the next 10 years. These cash payments incentivized exploration and production efforts, but paying the companies cash just didn't make sense as we try to balance the budget and fill this $2.5'ish billion deficit. Instead, the companies can now recover their costs once fields go into production.

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Rep. ANDY JOSEPHSON

Toll-Free +1 800 465-4939
STAFF:
Tom Atkinson
Legislative Aide
+1 (907) 465-6873
Tom.Atkinson@akleg.gov
Lisa Delaney
Legislative Aide
+1 (907) 269-0272
Lisa.Delaney@akleg.gov
Capitol: January-April

Address: Room 102 Capitol Bldg.
                 Juneau, AK, 99801
Phone: +1 907 465-4939
FAX: +1 907 465-2418
Email: rep.andy.josephson@akleg.gov

Anchorage: May-December

Address: 1500 W Benson Blvd, Rm 215
                 Anchorage, AK 99503
Phone: +1 907 269-0265
FAX: +1 907 269-0264
Email: rep.andy.josephson@akleg.gov