JUNEAU — Oil and gas tax credits are setting up to be a major debate as the Alaska Legislature enters what are supposed to be its final weeks.
The oil and gas industry is warning against big changes at a time when the industry is being hit by low oil prices. The state is feeling the effects of chronic low prices, too, and lawmakers face some unpopular options, including changes to the dividend that most Alaskans receive each year, as they face a multibillion-dollar state budget deficit.
House Minority Leader Chris Tuck says his caucus supports a tax credit bill proposed by Gov. Bill Walker that raises the minimum tax on producers.
Kara Moriarty with the Alaska Oil and Gas Association says the industry is losing money and isn’t a cash cow.
