Approaching the 2nd half of the 2nd special session, the legislature has found a compromise on the operating budget, preventing a government shutdown. Now it appears there is some consensus on HB 111 (oil & gas credits) which the governor added to the call. Subsidizing the oil industry on the North Slope with tax credits […]
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 […]
