Legislators are combining varied pieces of legislation to get them across the finish line in the state Capitol.
"tax credits"
Alaska’s plan to borrow money to pay off oil tax credits blocked by state supreme court
According to the Friday ruling, the court said that this plan is exactly the kind of debt the framers of the state’s constitution were trying to avoid when they prohibited lawmakers from taking on debt under most circumstances.
House passes bill to allow bonds to pay off oil and gas tax credits
The state owes the companies more than $800 million in credits.
No oil companies oppose bonds for tax credits, commissioner says
State payments for the credits slowed as oil prices fell. But companies have said the delayed payments have hurt development.
State puts out list of companies that got $75 million in cashable tax credits last year
These cash-for-credits recipients used to be kept confidential, but a law passed in 2016 now requires that the state report them.
BlueCrest is latest company to stop work, citing state’s defunct cash-for-credits scheme
BlueCrest is the latest to fall victim to the now-defunct cashable credit program. It announced on August 1 that it couldn’t afford to keep drilling on the Kenai Peninsula and that it would be laying off about 150 people.
Newscast – Thursday, July 27, 2017
In this newscast: Lawmakers are scheduled to vote today on a capital budget that will include 20 million dollars in oil and gas tax credits. The latest updates on a Utah man that killed his wife aboard a cruise ship. President Donald Trump tweeted his dissatisfaction with U.S Sen.Lisa Murkowski over her healthcare vote.
Special session nears end without public progress on oil taxes
Senators want to allow companies to use losses to reduce the taxes they’ll have to pay in the future.
Far apart politically and geographically, lawmakers talk oil and gas taxes
Most senators met in Juneau for a floor session for the first time since the Legislature passed the budget on June 22. But most House majority members were out of town.
Alaska lawmakers, industry, grapple with oil subsidies
House Bill 111 is the latest proposed tweak to the state’s oil tax system, one that supporters hope will get the state out of the business of writing checks to oil companies.