April 23, 2012

The Coalition working for you

Rep. Petersen’s Report from the Capitol: Special Session Edition

Governor’s Oil Tax Bill Faces Skepticism; Sex Trafficking Bill Passes

Dear Friends and Neighbors,

The special session began on Wednesday, and on Friday the House Energy and Resources Committees began joint hearings on Governor Parnell’s proposed oil tax bill. We will be holding hearings twice a day every day except Sundays through at least next week and the Senate Resources Committee is also holding hearings. So far the committee hearings have not gone well for the governor’s bill and legislators on both sides of the aisle have expressed skepticism about this proposal.

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Rep. Lindsey Holmes’ Newsletter: Special Session Update

Special session began last Wednesday. The House and Senate both made quick work of passing HB 359, addressing the problem of sex trafficking. It is on its way to the Governor’s desk for signature.

Both the House and Senate Resources committees began hearings last week on the Governor’s new oil tax bill, HB 3001. Based on the testimony of the Department of Revenue and experts working for the Legislature, the Governor’s new oil tax bill looks remarkably similar to his HB 110 from last year. The total estimated cost to the state is almost as much as in the old bill, and the biggest tax break in the new bill would not require any new industry investment or production. Despite hours of hearings in both the House and the Senate (including an all day Saturday hearing), there are still many unanswered questions about the bill.

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