Anchorage, Alaska – U.S. Attorney Bryan Schroder announced that six Anchorage residents have been sentenced for their roles in a local mail theft ring. The two lead defendants were sentenced this week, and were the last of six defendants to be sentenced in this case. Sara James, 31, was sentenced yesterday to serve 42 […]
Juneau – A recent report from the Department of Revenue shows the state is losing more than a half billion dollars in annual revenue by not enacting the modest 25% tax on oil company profits passed by the House last year. Today, Representative Les Gara (D-Anchorage) released the following statement regarding the role oil taxes […]
A new report from the Alaska Department of Revenue shows a substantial negative effect on the finances of the State of Alaska from large oil and gas tax credits. The report concludes that North Slope oil and gas production tax credits may be an inferior investment for Alaska compared to investing in the Constitutional Budget […]
ANCHORAGE – Today, the Alaska Independent Democratic Coalition released a memo from the Alaska Department of Revenue showing the Republican-proposed budget spends $600 million more on oil tax credits than provided for under Alaska’s statutory cap on credit payments. The memo states in part that “as part of ACES, the Legislature added language to indicate […]