Democrats in the House Resources Committee are amending their oil tax and credit bill and the changes indicate some advice from the Legislature’s consultant was taken to heart.
The official second draft of House Bill 111, the legislation put forth by Anchorage Democrats and Resource Co-chairs Reps. Andy Josephson and Geran Tarr about a month ago, was made public Friday afternoon.
A chart outlining the anticipated changes published to the Legislature’s website Friday morning shows the House Resource leaders are willing to scale back direct production tax increases in the first version of the bill while actually changing the portion of expenses companies can deduct from future tax liability versus current law.
Read this Alaska Journal of Commerce story here
Elwood Brehmer is a reporter for the Alaska Journal of Commerce and can be reached at elwood.brehmer@alaskajournal.com.
