NEWS: Coalition Pledges to Diligently Consider Governor Walker’s New Revenue Proposal and Criminal Justice Reform Bill

Anchorage – Speaker of the House Bryce Edgmon (D-Dillingham) issued the following statement in response to Governor Walker’s proclamation calling the 30th Alaska State Legislature into a 4th Special Session next month. The Governor is asking lawmakers to consider criminal justice reform legislation and a bill to create new revenue for the State of Alaska.

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NEWS: Alaska Legislature Passes Responsible Capital Budget Compromise

Juneau – Today, the Alaska Legislature overwhelmingly passed a capital budget for Fiscal Year 2018 that will result in approximately $1.2 billion in federal funds coming to Alaska. The approved capital budget was a negotiated compromise that ensures continued funding for Alaska’s roads, bridges, and other vital infrastructure. House Finance Committee Co-chair Rep. Neal Foster (D-Nome) helped negotiate the compromise and worked to ensure passage today.

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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: Resources Committee Co-chairs will Lead Effort to Reform Unsustainable Oil Industry Subsidies

Juneau – On Monday, Speaker of the House Rep. Bryce Edgmon (D-Dillingham) appointed House members to negotiate a compromise on legislation to reform Alaska’s unsustainable oil tax credit system that passed both the House and Senate. House Resources Committee Co-chairs Rep. Geran Tarr (D-Anchorage) and Rep. Andy Josephson (D-Anchorage) will represent the House Majority on the conference committee. The House Minority will be represented by Rep. Dave Talerico (R-Healy). The State Senate is expected to appoint their members to the conference committee on Wednesday.

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NEWS: House Passes Bill to Allow a New Type of Corporation in Alaska

Rep. Sam Kito

Juneau – Today, the Alaska House of Representatives approved legislation to allow benefit corporations to operate in Alaska. Benefit corporations are for profit organizations that incorporate public benefits and community improvements into their business model. House Bill 124, sponsored by Representative Sam Kito (D-Juneau), would bring Alaska’s corporate law in line with thirty-one other states that have passed benefit corporation legislation.

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NEWS: Alaska Legislature Passes Legislation to Insure Survivors of Public Servants Killed In the Line of Duty

Juneau – Today, legislation to extend healthcare coverage to the families of peace officers and firefighters killed in the line of duty officially passed the Alaska State Legislature. House Bill 23, sponsored by Representative Andy Josephson (D-Anchorage), passed the Alaska House of Representatives on a unanimous vote in March and a slightly different version of the bill passed the Alaska State Senate last week by a vote of 19-0. The Alaska House formally concurred with the Senate changes to the bill earlier today.

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NEWS: Alaska House Passes Major Piece of a Comprehensive Fiscal Plan

Juneau – The Alaska House of Representatives today passed a major component of the plan put forward by the members of the Alaska House Majority Coalition to fully address Alaska’s $2.7 billion funding gap. Senate Bill 26 creates a sustainable draw from the earnings of the Alaska Permanent Fund, while still paying out dividends and protecting the principle of the fund.

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NEWS: Alaska House Moves to Fix Alaska’s Flawed Oil Tax Credit System

Juneau – The Alaska House of Representatives today passed legislation to reform Alaska’s flawed and unsustainable system of oil and gas subsidies. Without changes, the State of Alaska is projected to pay out more in oil tax credits in Fiscal Year 2018 than the state will take in from production taxes. Production tax revenue used to be Alaska’s leading source of revenue.

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