Dan's Dispatch

 


What are the priorities of Alaskans? Does our budget reflect those priorities?

The Senate’s priority is loud and clear: oil companies. The Senate’s revision of HB 111, “Oil and Gas Production Tax,” works only for oil companies while leaving Alaskans worse for the wear.

Originally, the House version of HB 111 reduced the base tax rate on oil from 35% to 25% to encourage increased exploration and development on the North Slope. It protected Alaskans during low oil prices by hardening the minimum tax floor. The House version was projected to bring an additional $20 million in new reve...



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