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 Juneau School District is facing a sixth year of budget cuts, and it’s handling the budget process a little differently than it has in recent years.
- The new rule won't go into effect until late 2016 at the earliest, but importers would have to track where fish were caught, the type of gear used and where it was landed.
- Anchorage is tied for first as the prime destination for ferrying summer tourists, according to a new report by the McDowell Group.
- A new law may clear an impasse in a stalled human trafficking case against Bill Allen, the former star witness in the federal corruption probe of Alaska politicians.