Rep. Josephson’s Newsletter: Exciting Legislation

Rep. Josephson's Newsletter In this edition of my e-news I want to bring your attention to a piece of legislation that I introduced today. As many of you undoubtedly know I love to view Alaska in all of its natural glory. I have traveled all over the state and I can say that no matter where you go you will find something that will make you stop and reflect. It is because of this love for Alaska that I introduced House Joint Resolution 12 to help heal the old wounds of the 1989 Exxon disaster and finally clean up our coastlines.
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News: Rep. Gara’s Public Comments Detail Potentially Excessive Tax Breaks for a Company Seeking “Royalty Relief”

Rep. Les Gara Anchorage - On Monday, Rep. Les Gara (D-Anchorage) filed detailed public comments showing the Nuna oilfield will receive significant, and possibly excessive, tax breaks under little-known provisions in S.B. 21. The Parnell Administration, in its waning two weeks, proposed a roughly $40 million reduction in the royalties Nuna’s current owner, Caelus Energy, would owe Alaskans. The Parnell Administration proposed to change the field’s existing lease terms to include additional revenue reductions at a time Alaska is facing a $3 billion budget deficit.
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