VALDEZ—Governor Bill Walker today signed into law Senate Bill 30, which is expected to generate between $22 million and $27 million in revenue to the state. The legislation, which the governor introduced, approves a four-year contract in which the State of Alaska will sell royalty oil to Petro Star Inc. “With the decline of oil […]
Anchorage – Today, Alaska Governor Bill Walker signed legislation to update Alaska’s probate laws to improve fiduciary access to digital assets. House Bill 108 was introduced by Representative Matt Claman (D-Anchorage). The Senate companion bill, Senate Bill 16, was introduced by Senator Shelley Hughes (R-Wasilla). HB 108 passed both the Alaska House of Representatives and […]
JUNEAU — Governor Bill Walker Monday signed Senate Bill 23, the capital budget, into law. As passed by the Legislature, the bill contains appropriations for fiscal year 2018 totaling $1.4 billion, including $122 million in unrestricted general funds and $28 million in designated general funds. The bill leverages nearly $1.2 billion in federal dollars for […]
JUNEAU — Governor Bill Walker Thursday signed legislation ending Alaska’s unsustainable system of cash payments to oil companies. House Bill 111 passed the legislature with broad, bipartisan support, and converts cashable oil tax credits into tax deductions. With oil prices hovering around $50 per barrel, HB 111 was a necessary step to protect the state’s […]