Note from Rep. Gara: Unnecessary Danger to Kenai Kings and Trout; SB 21 Oil Loopholes Kill Value Of ANWR Oil
January 26, 2015
This state has a history of railing against the federal government. Well, this is a part rail and a part call for personal responsibility so we get our own house in order.
Read More →
News: Rep. Gara’s Public Comments Detail Potentially Excessive Tax Breaks for a Company Seeking “Royalty Relief”
December 9, 2014
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.
Read More →
NEWS: Parnell “Chooses Silence” On Zero Worth Oil Provision
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.
Read More →
NEWS: Zero Value Oil Tax Provision Hidden From Legislature In 2013
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.
Read More →
NEWS: Gara Asks Governor To Admit Zero Worth Provision In SB 21
July 24, 2014
Today, Representative Les Gara (D-Anchorage) called on Governor Sean Parnell to acknowledge a special interest provision in SB 21 that gets Alaskans nearly no production tax value, or even a negative worth for Alaska’s oil.
Read More →
