The plan was introduced by Gov. Sean Parnell, and it comes in response to the closure of the Flint Hills oil refinery. It originally applied to the Petro Star refineries in Valdez and North Pole and the Tesoro refinery in Kenai, but was amended yesterday to include the shuttered Agrium fertilizer plant in Nikiski.
The bill allows each of those facilities to secure an tax credit or payment of $10 million a year if they spend $25 million on tangible assets.
Supporters of the bill argue it’s necessary to keep the refineries running because of the jobs they provide and their importance to the state’s military bases. But some Democrats have characterized the bill as a bailout, and they unsuccessfully tried amending the bill so that the money would be given out as loans instead.
The bill passed today on a 35-5 vote. Anchorage Democrats Les Gara, Harriet Drummond, and Andy Josephson opposed the bill, along with Juneau Democrat Sam Kito III and Eagle River Republican Lora Reinbold. It still needs to be approved by the Senate.
- "We’re helping to write down the story of how boarding schools are affecting us and our families today, so that our children and grandchildren will know the history."
- French President François Hollande was at the White House trying broaden an international coalition to fight the Islamic State.
- Canadian regulators say the Tulsequah Chief Project, near Juneau, has agreed to reduce pollution leaking into a nearby river. But the mine won’t have to restart a shuttered water-treatment plant.
- On the sidewalks, at the stores, at the bars, people have been talking about a loud sound they heard around 2:30 a.m. Saturday. Most have never heard anything like it before.