Category - Resources

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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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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House Majority Coalition

NEWS: Resources Committee Co-chairs will Lead Effort to Reform Unsustainable Oil Industry Subsidies

Juneau – On Monday, Speaker of the House Rep. Bryce Edgmon (D-Dillingham) appointed House members to negotiate a compromise on legislation to reform Alaska’s unsustainable oil tax credit system that passed both the House and Senate. House Resources Committee Co-chairs Rep. Geran Tarr (D-Anchorage) and Rep. Andy Josephson (D-Anchorage) will represent the House Majority on the conference committee. The House Minority will be represented by Rep. Dave Talerico (R-Healy). The State Senate is expected to appoint their members to the conference committee on Wednesday.

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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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HOUSE RESOURCES COMMITTEE

Rep. Geran Tarr
Resources Cmte Co-Chair

Toll-Free +1 (800) 303-2455
Capitol Bldg Room 126
STAFF:
Magdalena Oliveros
+1 (907) 465-3424
Magdalena.Oliveros@akleg.gov
Legislative Aide

Rep. Andy Josephson
Resources Cmte Co-Chair

Toll-Free +1 800 465-4939
Capitol Bldg Room 102
STAFF:
Tom Atkinson
Legislative Aide
+1 (907) 465-6873
Thomas.Atkinson@akleg.gov
Lisa Delaney
Legislative Aide
+1 (907) 269-0272
Lisa.Delaney@akleg.gov