Coalition Members Reflect on the 30th Alaska Legislature

Juneau – After a flurry of legislative action, the Alaska House of Representatives joined the Alaska Senate in adjourning the Second Session of the 30th Alaska Legislature sine die early Sunday morning. Members of the Alaska House Majority Coalition reflected on the legislative achievements of the session.

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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: HB 111 Conference Committee Meeting Scheduled for Wednesday Afternoon in Anchorage

Anchorage – Representative Geran Tarr (D-Anchorage), Chair of the House Bill 111 Conference Committee, is calling the committee together for a meeting in Anchorage Wednesday at 3:00 p.m. to discuss a proposed compromise to end the unaffordable practice of paying oil companies on the North Slope cash for tax credits. The HB 111 Conference Committee is tasked with working out the differences between the competing versions of the bill passed by the Alaska House of Representatives and the Alaska State Senate.

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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: Coalition Press Availability Thursday to Discuss Oil Industry Subsidies

Juneau – The Alaska House Majority Coalition will hold a press availability Thursday afternoon to answer questions from reporters covering the 30th Alaska State Legislature. Specifically, Coalition members will discuss legislation to reform Alaska’s oil tax regime. Participants will include Majority Leader Rep. Chris Tuck (D-Anchorage), House Rules Committee Chair Rep. Gabrielle LeDoux (R-Anchorage), House Finance Committee Vice-chair Rep. Les Gara (D-Anchorage), and House Resources Committee Co-chair Rep. Geran Tarr (D-Anchorage).

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