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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[BILL] HB93: School Gardens

House Bill 93 creates a grant program for non-profits who operate school gardens at public schools and have raised operation funding in their communities. It would allow the state to provide an additional ½ of one percent of state aide to a school for the purposes of supporting a non-profit run school garden, farm or greenhouse.

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