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.
- The state is granting nearly $300,000 to improve water quality in some of Alaska's most damaged watersheds, including Juneau's orange-tinted Duck Creek.
- More than a third of all the penalties imposed since 1976 were logged last year.
- "You know, we're not talking about some smoky, old wood stove here. We’re talking about high-tech equipment," said Daniel Parrent, a program manager at the U.S. Forest Service.
- "Did you think that ganging together seven different taxes would make it more likely or less likely that any would pass?” asked Eagle River Republican Rep. Dan Saddler.