Note from Rep. Gara: Public Testimony Tomorrow: Oil Company Subsidy
May 10, 2016
Tomorrow the House Rules Committee, which normally does not hold hearings, is holding public and oil industry testimony on a new version of the Governor’s bill to reduce oil & gas company “tax credit” subsidies. The Governor’s original bill included a modest tax increase to generate needed revenue in his bill, and much of that has been eliminated in the Rules Committee version of the bill.
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Rep. Tuck’s Newsletter: Public Testimony on Oil & Gas Tax Credits
May 9, 2016
The House Rules Committee, of which I am a member, will be hearing House Bill 247, the oil & gas tax credits bill, starting at 9:00 am on Wednesday. Public testimony will be taken this Wednesday, May 11, 2016, from 4:00 pm to 6:00 pm. You can testify via teleconference at the Anchorage Legislative Information Office and you can watch the hearing live on Gavel Alaska. I look forward to hearing from you.
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OPINION: Alaska needs to make deep cut in oil tax credits, and soon
April 28, 2016
By Rep. Jonathan Kreiss-Tomkins, Rep. Andy Josephson, and Rep. Ivy Spohnholz - Published Apr. 28, 2016 ADN
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Rep. Spohnholz’s Newsletter: Day 100 and Counting
April 28, 2016
It’s time for the total package!
Alaska has a $4.1 billion deficit due a budget that has been over reliant on one source of revenue—oil—which is at historically low prices right now. Oil is not projected to get above $50 per barrel anytime in the next 10 years, so we can’t just hope for prices to rebound. We only have enough funds on hand to cover about 25% of Alaska’s budget.
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Rep. Josephson’s Newsletter: Legislative Update: The Outstanding Issues
April 22, 2016
We are now 95 days into the second session of the 29th Legislature and there are still a number of issues that have yet to be resolved. These include the Omnibus Crime Bill (SB91), the Operating and Capital Budgets, a new plan for drawing from the Permanent Fund Earnings Reserve (SB128 & HB245), and a revision of our generous Oil and Gas Tax Credit System (HB247). At this time, most other legislation is essentially dead and the majority of the attention has been focused on these key issues. (Some bills, like the Campus Carry Bill could always resurface, however).
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