NEWS: Alaska House Passes Legislation to Roll-Back Many Unsustainable Oil Industry Subsidies

Alaska state and flag Juneau – Today, the Alaska House of Representatives approved House Bill 247 to significantly reform Alaska’s unsustainable oil tax credit subsidy system. The members of the Alaska Independent Democratic Coalition (AIDC) cautiously supported the legislation after participating in a bipartisan effort to amend the bill to dramatically increase savings and fix flaws included in previous versions of the bill.
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Rep. Spohnholz’s Newsletter: Update from Juneau: Justice Reform, HB 156, Oil Subsidies & Summer Events

Rep. Spohnholz newsletter Nothing about my first legislative session has been “normal.” I came to Juneau to fill the seat vacated by the passing of Rep. Max Gruenberg, my first day of work was a 20 hour budget floor session, and now we are on day 116 of a 90 day session as we are working to fill in a $4B deficit. I expect that the legislature will make headlines with some historic decisions in the coming weeks, but today I want to update you on a few key issues.
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Note from Rep. Gara: Public Testimony Tomorrow: Oil Company Subsidy

Rep. Gara Newsletter 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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