April 4, 2013

The Coalition working for you

Rep. Kawasaki’s Juneau Note: Gov’s Giveaway and a Full Plate of Bills

April 4, 2013

Dear Neighbors,

In the Finance committee, we are in the thick of studying the Governor’s oil tax break. Last week, shortly after 2 am the House Resources committee rushed out SB 21 with even lower taxes proposed for the oil industry than the Senate version. It now gives even more billions of your dollars to oil corporations, still without any guarantee for production.

The last week of session is always an interesting and busy time of year.

NEWS: Giveaway changes: More Money, More Power to Oil Companies

April 4, 2013

Late Night meeting increased size of giveaway, repeats past mistakes

JUNEAU – Just after 2:00 a.m. this morning, the House Resources Committee voted to give away more of Alaska’s oil wealth with no guarantee of new production and to make the state rely on oil company statements instead of actual receipts when auditing deductions for tax breaks. The committee also tried to undo hard-won provisions that allow the oil companies that own the Trans Alaska Pipeline (TAPS) to charge the state and other companies for all of their expenses, not just the “reasonable” expenses allowed under current law.