Juneau – Thursday, the leadership of the Alaska Senate Majority reversed course and called for action during the Second Special Session on legislation to fix Alaska’s flawed system of subsidizing the oil and gas industry on the North Slope through overly-generous tax credits. The Alaska House Majority Coalition welcomes a renewed focus on this important […]
Juneau – Tuesday night, over 100 Alaskans provided public testimony to the Senate Labor and Commerce Committee on the proposed Education Funding Act, one of the four pillars of the comprehensive fiscal plan put forward by the Alaska House Majority Coalition. A significant majority of those who testified spoke in favor of House Bill 115 and […]
Kotzebue, AK – Thursday, the Northwest Arctic Borough (NAB) and the operator of the Red Dog Mine, Teck Alaska, announced that a proposed new 10-year Payment in Lieu of Taxes (PILT) Agreement has been negotiated by the parties and will be considered later this month for final approval. The agreement, if approved, would provide an […]
JUNEAU – This week, economists with the Alaska Department of Revenue produced a report analyzing how much Alaska generates in oil production taxes after the state pays out subsidies in the form of oil tax credits. The report shows that in the next fiscal year, FY 2018, the state of Alaska is slated to pay […]