NEWS: Alaska House Moves to Fix Alaska’s Flawed Oil Tax Credit System

Juneau – The Alaska House of Representatives today passed legislation to reform Alaska’s flawed and unsustainable system of oil and gas subsidies. Without changes, the State of Alaska is projected to pay out more in oil tax credits in Fiscal Year 2018 than the state will take in from production taxes. Production tax revenue used to be Alaska’s leading source of revenue.

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Rep. Josephson’s Newsletter: Weekly Update

Thank you for subscribing to my newsletter, and keeping up with what is happening in your state legislature. Every day so much happens that affects all of us; from oil-tax legislation and the budget, to protecting our wild fisheries for future generations. These last few weeks, I’ve been working hard to make sure that Alaskans’ rights and resources are protected!

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Rep. Claman’s Newsletter: HB 111: Oil & Gas Tax Bill

The sun is returning in Juneau and we’re hearing bills and preparing the budget. Next week, we wrap up finance subcommittees and make budget recommendations. I’m conscious of the impacts of continued cuts, and continuing to investigate new revenue options.

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NEWS: New Oil Tax Reform Bill Addresses Flaws in Alaska’s Meager Oil Tax rates

Juneau – Representative Les Gara (D-Anchorage) has released legislation to fix major flaws in Alaska’s oil tax system. The flaws are outlined in information provided to Rep. Gara by the Alaska Department of Revenue in response to detailed questions. The “Fair Share for Alaska Oil Act” supports Alaska’s North Slope oil producers while fairly raising revenue needed for schools, roads, and to help with Alaska’s budget deficit. The bill was filed today with the Chief Clerk and it is attached.

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NEWS: Legislation Introduced to Fix Alaska’s Flawed Oil Tax Credit System

Juneau – The co-chairs of the House Resources Committee, Reps. Geran Tarr (D-Anchorage) and Andy Josephson (D-Anchorage), have introduced House Bill 111 to fix Alaska’s current system of oil and gas subsidies in the form of tax credits. The bill fixes many of the flaws remaining in the current oil tax credit system after passage of House Bill 247 last year.

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