Category - Rep. Gabrielle LeDoux

Rep. Gabrielle LeDoux

Rep. LeDoux’s July 21st Newsletter: End of cash credits & adjournment

Late Saturday night, the legislature found compromise and passed HB111, ending cash payments to oil companies. This effort will save the state $150-200 million annually for the next 10 years. These cash payments incentivized exploration and production efforts, but paying the companies cash just didn't make sense as we try to balance the budget and fill this $2.5'ish billion deficit. Instead, the companies can now recover their costs once fields go into production.

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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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Rep. GABRIELLE LeDOUX

District: 15
Rep.Gabrielle.LeDoux@akleg.gov
Party: Republican

Toll-Free +1 800 689-4998

Session Contact

State Capitol Room 216
Juneau AK, 99801 
Phone: 907-465-4998
Fax: 907-465-4419

Interim Contact

1500 W. Benson Blvd
Anchorage AK, 99503
Phone: 907-269-0216
STAFF:
Lisa Vaught
Chief of Staff
+1 (907) 465-4998
Lisa.Vaught@akleg.gov
Courtney Enright
Rules Committee Staff
+1 (907) 465-4998
Courtney.Enright@akleg.gov