NEWS: North Slope Oil Discovery Shows Need for Oil Tax Credit Reform

Juneau – Today, oil companies Repsol and Armstrong Oil and Gas announced a significant onshore oil discovery on the North Slope of Alaska. The Horseshoe prospect is part of the Nanushuk play in the Pikka Unit. The leases for the prospect are held by Armstrong Oil and Gas, which has applied to the U.S. Army Corps of Engineers for an environmental review of its development plans for the Nanushuk play.

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NEWS: House Finance Committee Introduces Fiscal Framework

Juneau – Today, the House Finance committee introduced House Bill 115, the State Revenue Restructuring Act, which combines revenue from the earnings of the Permanent Fund and a progressive income tax to establish a stable and balanced revenue stream fair to all Alaskans.

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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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Rep. Claman’s Newsletter: Budget Compromise Means More Work to Do

This week, the legislature passed a statewide operating budget and a capital budget. Passing this budget compromise means the state has avoided sending lay-off notices to state employees. Although passing the budget is a step in the right direction, the legislature has not adopted a long-term solution to Alaska’s financial challenges. There is more work to be done to implement a responsible action plan for Alaska.

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Rep. Spohnholz’s Newsletter: Update from Juneau: Justice Reform, HB 156, Oil Subsidies & Summer Events

Nothing about my first legislative session has been “normal.” I came to Juneau to fill the seat vacated by the passing of Rep. Max Gruenberg, my first day of work was a 20 hour budget floor session, and now we are on day 116 of a 90 day session as we are working to fill in a $4B deficit. I expect that the legislature will make headlines with some historic decisions in the coming weeks, but today I want to update you on a few key issues.

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Rep. Guttenberg’s Newsletter: Town Hall Meeting Tonight, Public Testimony Tomorrow!

Last week, after dozens of hearings, the House passed SB 91, a bill relating to criminal justice reform. I support this legislation and believe that SB 91 is smart on crime because it reduces recidivism, yet maintains that offenders are accountable for their actions.

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Rep. Tarr’s Newsletter: Anti-Sex Ed Measure Passes, Wednesday Testimony on Oil and Gas Subsidies & Criminal Justice Reform

I’m still in Juneau, and we are working almost exclusively on the budget. I say almost because Representative Keller was able to bring up House Bill 156, that aims to end sex education, in a last minute procedural maneuver and get the one vote he needed for it to pass. This controversial bill received strong opposition statewide and hundreds wrote or testified to ask for a no vote. Most opposition discussed how critical this information is if we ever want to address our chronically high rates of sexual assault. Our rate of rape in Alaska far exceeds the national average.

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Rep. Guttenberg’s Newsletter: Oil, Guns and Medicaid Reform

Tomorrow is the last day of the regular session and the house is moving legislation that was previously put on hold to prioritize the budget. HB 247, Oil and Gas Tax Credits, passed out of Finance Committee and made its way to the floor where it was then sent back to the Rules Committee.

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