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.
- Alaska Gov. Bill Walker will give his State of the State address from the Alaska State Capitol. Live coverage on Gavel Alaska and KTOO begins at 7 p.m. Wednesday.
- Alaska's senators had called on Trump to quit. They say they'll attend in support of the peaceful transition of power.
- President-elect Donald Trump’s nominee to head the Interior Department sat for a confirmation hearing today, chaired by U.S. Sen. Lisa Murkowski. She used the opportunity to condemn the Obama administration for its many resource protections in Alaska.
- Jason Coday was ordered to serve a combined sentence of 101 years in prison for the murder of 26-year-old Simone Kim in August 2006.