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Legislature gavels in

...overreact.Sen. Bert Stedman, R-Sitka, said the oil tax system is out of balance, but he's not planning an oil tax bill this session. "I guess it's a political balancing act of when and if the administration wants to deal with it...
Seaton, Diament debate the issues made, "but they never did that."During the 2012 Special Session, the Legislature was to address HB 3001, an oil tax bill from the governor. Seaton provided Tuesday's audience with a spreadsheet showing that legislation would have created...
Parnell pitches oil tax bill

JUNEAU - Gov. Sean Parnell is proposing an overhaul of Alaska's oil tax structure, saying his new plan is simpler and aimed at making the state more competitive while encouraging new production.
New Juneau worry: How much cash for capital budget?

...In other developments the Senate's special in-state TAPS flow committee continued hearings on the governor's oil tax bill, Senate Bill 23. Mike Pawlowski, petroleum fiscal systems advisor for the Department of Revenue, described the interplay...
Senate unveils oil tax bill

...with a number of issues - including Chenault's gas line bill - still in process.Additional work will be done on the oil tax bill, with Senate Resources having meetings scheduled next week and Senate Finance expected to do more of the heavy lifting...
Oil taxes on agenda as Legislature enters last scheduled weekend by Sunday, the final scheduled day. But that assumes the Senate agrees to any changes made by the House to the oil tax bill, SB21, the House recedes from its changes or an agreement on the bill is reached by then in a conference committee...
Minority Democrats plan referendum on oil tax bill

JUNEAU - Minority Democrats, outraged by the passage of a multibillion-dollar oil tax cut, said Monday they plan to support an effort to try to overturn the measure.
Parnell signs oil tax, gasline bills

...including state Sen. Hollis French, D-Anchorage, gathered outside the venue in Anchorage where Parnell signed the oil tax bill and legislation related to permitting and a gas line project."I think people sense the horrific result this is going...
Senate committee advances new oil tax bill

JUNEAU (AP) - The Senate Resources Committee on Friday advanced a new oil tax plan, which would address progressivity, reward new production and set a production tax floor to ensure that the state doesn't lose money if oil prices tank to $50 a barrel or less. The bill also would separate oil and gas production for purposes of taxation, a concept known as "decoupling" and vetoed by the governor two years ago, and it would establish an "oil information system" that would consolidate in one place available public oil and gas information now scattered among agencies.
Senate unveils oil tax plan

...90-day session is scheduled to end April 15. On Monday, House Speaker Mike Chenault said it was "very unlikely" an oil tax bill could pass by then. But a special session isn't a foregone conclusion, if the House feels the bill is a bad one...


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