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 […]
An Alaskan couple in Klawock have been charged in federal court in Juneau with four counts of failure to pay their income taxes, Acting U.S. Attorney Bryan Schroder announced in a press release on Wednesday. According to the Justice Department, Archie W. Demmert III and Roseann L. Demmert, of Klawock, have through the years, failed to […]
Anchorage – Earlier today, Alaska Governor Bill Walker used his line-item veto power to cut $1.29 billion from the FY 2017 budgets. The veto includes $430 million in tax credit and other payments to the oil and gas industry down to the statutory minimum requirement of $30 million. The veto of the oil tax credit […]
On Thursday, Alaska’s governor, Bill Walker released his 201 State of the Budget Address to the people of Alaska at the end of session. Walker made known his proposal to balance the state budget with a combination of new taxes as well as oil tax reforms. The governor said that his administration considered both a […]