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.
- October 5, 2015- After months of impassioned debate over the ethics of physician-assisted suicide, California will become the fifth state to allow people who are terminally ill to hasten death with lethal drugs.
- October 5, 2015- "Shakespeare writes about human truths. He writes about racism. He writes about jealousy. He writes about love. That goes through every age group," says Shona Osterhout.
- October 5, 2015- Among the new initiatives is Sea Scout, a banner for international cooperation in the use of technology to improve detection and coordinate enforcement.
- October 5, 2015- City Engineering Director Rorie Watt said the site, which is privately owned, could accommodate a park-and-ride for about a dozen cars at first, and later 30 if a pond is filled.