Governor Walker Signs Legislation Ending Unsustainable Cash Credits for Oil Companies
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 […]