Rep. Grenn’s October 25th Newsletter: Want to know more about SB54?

Around our state, crime is on the rise. People feel scared and that fear is warranted. As a father of three, public safety is my highest concern. I know you’ll agree with me that quick action is needed to find solutions that protect our families and our neighbors. Everyone deserves the right to feel safe in their community. And we need to protect victims and individual rights.

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NEWS: Chairs Announce Working Group Members, Formation of Advisory Group

Anchorage – The co-chairs of the legislative working group created by House Bill 111, Sen. Cathy Giessel (R-Anchorage) and Rep. Geran Tarr (D-Anchorage), announced today the working group’s membership, along with the formation of an advisory group.

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NEWS: Governor Signs Bill Ending Cashable Tax Subsidies

Juneau – Today, Alaska Governor Bill Walker signed House Bill 111 into law, ending cashable subsidies on the North Slope, and making modest adjustments to Alaska’s oil and gas tax code. HB 111 was sponsored by the House Resources Committee, Co-Chaired by Representative Geran Tarr (D-Anchorage) and Representative Andy Josephson (D-Anchorage).

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Rep. Seaton’s July 17th Newsletter

On Saturday the House and Senate reached a compromise and passed HB 111, the oil and gas tax credit bill, and ended the second special session of the 30th legislature. The compromise takes the immediate step of ending cash credits statewide and includes some sideboards to protect the state from an unaffordable high future liability. Hopefully the public commitment that both bodies made to a working group will ensure that further oil and gas reforms will be addressed. A stable oil and gas tax system that the state can afford is key to a complete fiscal plan and this is a step in the right direction.

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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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Rep. Seaton’s July 10th Newsletter

Greetings on this the 25th day of the second special session. We had a sunny Independence Day last week in Anchor Point and Homer and lots of people turned out to watch the parades. I was also pleased to be on the Coffee Table last Wednesday to discuss items such as the budget and oil and gas reform. These are complicated topics but ones that are important to all Alaskans; I hope listeners found the discussion informative.

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NEWS: Special Session Compromise; End Cash Credits Now

Anchorage – The Alaska House Majority Coalition has communicated a proposed compromise to the Alaska Senate Majority to address oil tax credit reform, which is the subject of the ongoing Second Special Session of the 30th Alaska State Legislature. Coalition members support changes to House Bill 111 to end the practice of paying oil companies cash subsidies for certain tax credits. This is expected to save the State of Alaska an estimated $1.5 billion over the next ten years.

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