A bill to revise oil and gas tax credits from the House Resources Committee includes only a fraction of the savings Gov. Bill Walker proposed. The Department of Revenue estimates the committee’s version of House Bill 247 would save the state roughly $160 million over the next three years. That compares with $1.175 billion dollars in savings under Walker’s proposal.
The debate over the bill is happening the same week the state forecast that for the first time it will pay out more in oil and gas tax credits next year than it will receive in royalty revenue.
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Roger Rom / March 24, 2016
That’s 1.1 billion Alaskanz are giving away. I thought there was a financial crisis. 1.1 billion could do a lot for education and tax relief at the local level.
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Roger Rom / March 24, 2016
That’s 1.1 billion Alaskanz are giving away. I thought there was a financial crisis. 1.1 billion could do a lot for education and tax relief at the local level.
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