Rep. Kawasaki’s Newsletter: 120 Day Session Adjourns, Oil and Gas Update

Rep. Kawasaki's Juneau Note The 29th Alaska State Legislature adjourned Wednesday night with many of the state’s most pressing issues still unresolved. Despite coming close to agreement on the state operating budget, the one thing the Legislature is constitutionally required to pass, the Legislature is still deadlocked on oil tax subsidies and education funding. In fact, the Republican-led Senate Majority gaveled out before the House could vote on an agreement to extend the session just before midnight. While it’s clear we are much closer to reaching an agreement, we still have miles to go.
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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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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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