NEWS: House Resources Schedules Hearing on Alaska LNG Project

Anchorage – The House Resources Committee Co-Chairs, Representative Geran Tarr (D-Anchorage) and Representative Andy Josephson (D-Anchorage), have noticed a committee hearing on December 4th at 6 p.m. to get an update from the Alaska Gasline Development Corporation on the Alaska LNG project.

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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: Praise for Court Victory Allowing Salmon Habitat Ballot Measure to Go Forward

Anchorage – Earlier today, a Superior Court judge issued a ruling allowing the “Stand for Salmon” ballot measure to move forward through the initiative process. The ruling requires the Alaska Lieutenant Governor to certify the initiative and allows proponents to begin collecting signatures. The purpose of the proposed ballot measure is to update state statutes to protect Alaska’s vital and nearly pristine salmon habitat.

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NEWS: Members of Coalition Leadership are Coming to Fairbanks for a Townhall

Fairbanks – The Speaker of the Alaska House of Representatives will join Rep. Adam Wool (D-Fairbanks) for a legislative townhall in Fairbanks on Sunday, October 8th. The townhall will also include Majority Whip Rep. Louise Stutes (R-Kodiak) and House Resources Committee Co-Chair Rep. Andy Josephson (D-Anchorage).

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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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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: 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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