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.
- Most of the claims are that his for-profit conservative website “Restoring Liberty” is illegally contributing to his Senate campaign by promoting his run.
- Some people are already lining up to cast their votes.
- An appeals court today upheld a federal decision to list a species of ice seals as threatened under the Endangered Species Act.
- The premiums on benchmark plans are increasing by an average of 22 percent in 2017, the government says, but more than 70 percent of people can get one for less than $75 a month after subsidies.