NEWS: Democrats Introduce Oil Tax Alternative

Reduction for Production: Bill Targets New Oil in the Pipe and Protects Alaska

JUNEAU – House and Senate Democratic legislators introduced legislation today to grant tax concessions to oil producers who put new oil into the pipeline. The bill (SB50, HB 111) targets tax incentives to new fields and to new development in existing fields, and it offers other incentives outside the tax code to spark new development.