
NEWS: New Oil Tax Reform Bill Addresses Flaws in Alaska’s Meager Oil Tax rates
Juneau – Representative Les Gara (D-Anchorage) has released legislation to fix major flaws in Alaska’s oil tax system. The flaws are outlined in information provided to Rep. Gara by the Alaska Department of Revenue in response to detailed questions. The “Fair Share for Alaska Oil Act” supports Alaska’s North Slope oil producers while fairly raising revenue needed for schools, roads, and to help with Alaska’s budget deficit. The bill was filed today with the Chief Clerk and it is attached.