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.
- September 4, 2015- She said the pink ribbon culture tends to celebrate survivors and perpetuate the idea that women can beat breast cancer. It implies that those who died did something wrong.
- September 4, 2015- The community of Chignik Lagoon is saving $500 a day since it switched from diesel to hydropower.
- September 4, 2015- “We get influence from tropical systems frequently. The unique thing about this is we can see it on the map and that’s pretty unusual.”
- September 4, 2015- As the end of the garden season draws near, it's time to clip new budding flowers on tomato plants and thin out some branches and leaves.