Oil tax vote too close to call

ANCHORAGE, Alaska (AP) — Alaska's revised oil tax system may have a short lifespan, but as of Tuesday night, the matter was too close to call.

Votes in favor of Ballot Measure 1, which would repeal a production tax approved by lawmakers in 2013, were leading by a narrow margin.

Republican lawmakers approved the revised tax system at the urging of Gov. Sean Parnell.

Senate Bill 21 narrowly passed the state Senate with the promise that it would attract investment for new wells and put more oil in the trans-Alaska pipeline.

Critics called the measure a giveaway. The law granted deep tax cuts but extracted no commitment by oil producers to invest.

If the 2013 tax system is repealed, the state reverts to a system championed by Parnell's predecessor, Sarah Palin.

More

Thu, 04/27/2017 - 22:04

Alaska Legislature defies governor’s call to weigh nominees

JUNEAU — Alaska Republican legislators on Thursday defied Gov. Bill Walker’s call to take confirmation votes on his appointments to boards, commissions and key administration... Read more

Thu, 04/27/2017 - 22:13

ESL students earn memorial scholarship

Thu, 04/27/2017 - 22:03

Shannon Davis to replace Tami Murray as Soldotna Chamber of Commerce director

The Soldotna Chamber of Commerce will welcome a new leader, but not a new face, to the team this summer.

Read more

Around the Web