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: House Moves to Prevent Government Shutdown with Passage of Combined Operating and Capital Budgets

Juneau – Tonight, to avoid a government shutdown at the beginning of the month, the Alaska House of Representatives passed a combined Capital and Operating Budget for Fiscal Year 2018. The House budgets reverse the Senate’s $69 million cut to K-12 education and most of the cut to the University of Alaska. Additionally, the Capital Budget restored the full amount of expected Permanent Fund Dividends, which will be paid in the fall to eligible Alaskans.

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EVENT: Alaska House Majority Coalition Press Availability Scheduled for Tuesday

Juneau – The Alaska House Majority Coalition will hold a press availability Tuesday morning that will include House Majority Leader Rep. Chris Tuck (D-Anchorage), House Resources Committee Co-chair Rep. Andy Josephson (D-Anchorage), House Energy Committee Chair Rep. Adam Wool (D-Fairbanks), and House Health and Social Services Committee Chair Rep. Ivy Spohnholz (D-Anchorage)

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