The House Finance Committee will hear public testimony today on Senate Bill 128, the Alaska Permanent Fund Protection Act, at 5:00 PM. This bill would make major changes to the Permanent Fund, including limiting your PFD checks to $1000 for the next two years.
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I wanted to let you know about an opportunity coming up tomorrow to testify on SB 128, the Permanent Fund bill, before the House Finance Committee. Here are the details:
When: Tuesday, June 14, 5-7 PM
Where: Fairbanks Legislative Information Office, 1292 Sadler Way (3rd floor) or call 1-844-586-9085
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On Monday, the Conference Committee passed a new version of HB 247, an oil and gas subsidy reform bill that impacts how much progress we can make in trying to close Alaska’s deficit gap. I was a member of the Conference Committee and was the lone no vote on this bad version of HB 247.
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On Monday, the House approved a conference committee version of HB 247, an oil and gas tax reform bill that impacts how much progress we can make in trying to close Alaska’s deficit gap. Shortly after the House voted on oil taxes, the Senate approved a Permanent Fund restructuring bill.
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On Monday, the Conference Committee on HB 247, the Oil & Gas Tax Credit Reform bill, was advanced and passed by both the House and the Senate. As introduced by the Governor, the bill was originally an aggressive reform to scale back costly subsidies by $500 million. The bill was dramatically changed through the Republican-controlled committee process to strip away nearly all savings and continue the unsustainable oil industry subsidies.
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