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.

Read More →

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.

Read More →

Rep. Seaton’s July 10th Newsletter

Rep. Paul Seaton

Greetings on this the 25th day of the second special session. We had a sunny Independence Day last week in Anchor Point and Homer and lots of people turned out to watch the parades. I was also pleased to be on the Coffee Table last Wednesday to discuss items such as the budget and oil and gas reform. These are complicated topics but ones that are important to all Alaskans; I hope listeners found the discussion informative.

Read More →

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.

Read More →

Rep. Seaton’s July 3rd Newsletter

Rep. Paul Seaton

Greetings and happy Fourth of July! This week I am back in the district. If your group would like to contact me, please call the Homer office at 235-2921 to schedule a meeting as I am often on the road and may be heading back to Juneau at some point. I plan on participating in Fourth of July events around Homer and Anchor Point tomorrow, and Wednesday I will be on KBBI’s Coffee Table; tune in at 9 am for a discussion of the state’s budget challenges.

Read More →

Rep. Seaton’s June 26th Newsletter

Rep. Paul Seaton

Greetings from Juneau. Late Thursday evening, the legislature was able to pass an operating budget to avoid a government shutdown. The budget includes several compromises between the House and Senate versions; the final version cuts $128.7 million in unrestricted general fund spending from last year’s budget. The House held strong on the commitment to fully fund K-12 education and pupil transportation.

Read More →
Page 4 of 16« First...23456...10...Last »