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NEWS: Parnell “Chooses Silence” On Zero Worth Oil Provision

 Rep. Les Gara
August 13, 2014
Governor Parnell has had three weeks to defend a special interest provision in SB 21 that gets Alaskans either a near zero, or even negative long term Production Tax Worth under his controversial oil revenue rollback, SB 21. Rep. Les Gara wrote Governor Parnell on July 24 to ask for his defense of a zero or negative value oil tax provision. Parnell has refused to defend a provision that gets Alaskans little, or possibly a negative worth for fields that went into production under ACES, fields committed to go into production during ACES, and all post-2003 and future oil fields.
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NEWS: Zero Value Oil Tax Provision Hidden From Legislature In 2013

 Rep. Les Gara
August 6, 2014
Representative Les Gara (D-Anchorage) said today the public should know the Parnell Administration never revealed a special interest provision in Senate Bill 21 that nets Alaskans nearly no production tax value, or even a negative worth for Alaska’s oil. “Negative or zero oil tax value on all future oil fields, and all fields after 2003, was never once mentioned in a legislative hearing before SB 21 passed,” Gara, a House Finance Committee member, said.
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