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.
- Mayor Ken Koelsch, Debbie White and Mary Becker opposed it. Deputy Mayor Jerry Nankervis was on a scratchy phone connection and did not respond to the roll call to vote.
- The proposal for a 130-unit high-rise apartment building to be built over a downtown city parking lot has alarmed some community members. But city officials say there is no final plan and closure of the deal is still months away.
- “Things have to have an endpoint to it, or they have to have something that keeps directing you, telling you that you’re in the right area,” said troopers spokeswoman Megan Peters.
- The Department of the Interior announced today that 29 local Alaska governments would receive $29.7 million in Payment in Lieu of Taxes funds, or PILT.