Category - Rep. Andy Josephson

Rep. Josephson's Newsletter

Rep. Josephson’s September 14th Newsletter: Try, Try Again – A Fourth Special Session in the Offing

Alaska’s $2.7 billion annual budget deficit will shrink if legislators raise new revenues during a special session likely to begin in Juneau next month. Governor Walker and the House Majority want to close or substantially diminish our budget gap this year, so we expect an official proclamation any day now that will call the legislature into a fourth special session beginning October 23.

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House Majority Coalition

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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House Majority Coalition

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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NEWS: Flaws in Alaska’s Oil Tax Regime are Bigger Than Paying Cash for Tax Credits

Juneau – Earlier today, the leadership of the Alaska Senate Majority reversed course and called for action during the Second Special Session on legislation to fix Alaska’s flawed system of subsidizing the oil and gas industry on the North Slope through overly-generous tax credits. The Alaska House Majority Coalition welcomes a renewed focus on this important issue.

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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