Democrats Offer Oil Solution that Gets for Every Give

Proposal would set development and production benchmarks, help those who reach them

JUNEAU – Today, Representative Les Gara (D-Anchorage) filed the Alaska Oil Production Enhancement Act designed to set production and development benchmarks and provide incentives for industry to meet them. The bill would extend the successful Cook Inlet exploration credits to the North Slope, add tax credits for developing new facilities to get oil from the well into the Trans-Alaska Pipeline System, and provide new credits that only apply to development work done that is more than what a company did the previous year.

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Democrats: Let’s Get Something for Oil Tax Breaks

House Democrats offer amendments to require more development, disclosure

JUNEAU – Today, House Democrats offered a series of amendments to Governor Parnell’s oil tax giveaway designed to make sure Alaskans get the exploration, production and jobs Alaska needs on the North Slope in return for lowering oil taxes.

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Oil Giveaway: Even in Unlikely Event it Works, Alaska Still Loses

State numbers show even more production won’t overcome billions in lost revenues

JUNEAU – According to a new fiscal note from the Alaska Department of Revenue, Governor Parnell’s proposal to give large tax breaks to the oil industry would still cost the state billions of dollars in lost revenue even if future oil production increases. Because producers have not committed to increasing investment, exploration or production should the bill pass, the administration used arbitrary scenarios assuming various degrees of increased production. No scenario showed Alaska making back lost revenues once the bill takes full effect.

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Note from Rep. Gara: Dear Governor: Who’s Threatening the Alaska Economy?

Today amendments and debate will start on the Governor’s oil tax rollback bill in the House Finance Committee – where I have to run in a few minutes. I’d like to update you on that, a potential crisis in education funding that has school districts gagging with worry, and a few of my bills that are moving (fishing stream access; insurance coverage for colonoscopy screening; and foster care reform).

The Governor’s Number’s Add Up – for Exxon, British Petroleum and Conoco – But Not for You.

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Note from Rep. Gara: Public Testimony on Oil Tax; Pushing for Parking for Anchorage Hikers

On Monday, the House Finance Committee held a hearing where only those who support the Governor’s $2 billion per year oil tax rollback were invited to speak. On Thursday and Friday, you get your chance to speak out; something I think should have been allowed at Monday’s hearing. Testimony will be held at your city’s Legislative Information Office (716 W. 4th Ave. in Anchorage) Thursday, March 24, from 5:00 PM to 8:00 PM and Friday, March 25, from 3:00 PM to 7:00 PM. If an LIO is not accessible to you, call us and we can provide a call-in number.

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