Category - Rep. Les Gara

House Majority Coalition

NEWS: House Moves to Prevent Government Shutdown with Passage of Combined Operating and Capital Budgets

Juneau – Tonight, to avoid a government shutdown at the beginning of the month, the Alaska House of Representatives passed a combined Capital and Operating Budget for Fiscal Year 2018. The House budgets reverse the Senate’s $69 million cut to K-12 education and most of the cut to the University of Alaska. Additionally, the Capital Budget restored the full amount of expected Permanent Fund Dividends, which will be paid in the fall to eligible Alaskans.

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Rep. Les Gara

NEWS: Change the Name, Pay the Same: Senate Oil Bill Replaces $1.5 Billion in Cash Credits with $1.45 Billion in Lost Revenues

Juneau – Recent analysis from the Alaska Department of Revenue shows a stark contrast between the competing versions of legislation to reform Alaska’s unsustainable system of subsidizing the oil industry on the North Slope with unaffordable tax credits. The version of House Bill 111 supported by the Alaska Senate Majority follows the lead of the Alaska House Majority Coalition in ending the practice of paying oil companies cash for tax credits, but on paper only. This is expected to save the State of Alaska an estimated $1.5 billion over the next ten years. However, the Senate version of the bill would result in the loss of $1.45 billion in revenue over that same timeframe by replacing the cash for credit system with a higher percentage of “carry forward” deductions that oil companies could subtract from production and other taxes they pay to the State of Alaska.

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NEWS: House Finance Committee to Review the Alaska Economy and Fiscal Policy

Juneau – The members of the Finance Committee in the Alaska House of Representatives will spend all week examining Alaska’s fiscal policy and how policy changes will impact the Alaska economy. The committee will hear from business, municipal, labor, and tribal representatives in addition to presentations from the Alaska Department of Revenue and the non-partisan Legislative Finance Division.

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House Majority Coalition

NEWS: Tuesday’s Press Availability Will Include Reps. Seaton, Foster, Gara, and Guttenberg

Juneau – The Alaska House Majority Coalition will hold a press availability Tuesday morning to answer questions from reporters covering the 30th Alaska State Legislature. Participants will include House Finance Committee Co-chairs Rep. Paul Seaton (R-Homer) and Rep. Neal Foster (D-Nome), and Finance Committee members Rep. David Guttenberg (D-Fairbanks) and Rep. Les Gara (D-Anchorage).

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Rep. Les Gara

NEWS: Flawed Oil Tax System Shortchanges Alaska in Favor of Giveaways to Big Oil

JUNEAU – This week, economists with the Alaska Department of Revenue produced a report analyzing how much Alaska generates in oil production taxes after the state pays out subsidies in the form of oil tax credits. The report shows that in the next fiscal year, FY 2018, the state of Alaska is slated to pay out roughly $20 million more in tax credits than it is estimated to receive in production tax payments.

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