Residents Can Partake in Oil Tax Debate
Public testimony being taken by teleconference
JUNEAU - Oil taxes are the talk of the current legislative session in Juneau. Residents now have a chance to weigh in on the issue.
The Senate Resources Committee is holding two public hearings over its proposed bill - SB192 - which would change the way the state taxes oil companies when prices are extremely high.
Opponents of the change said the state should ensure any tax reductions result in guaranteed investment by producers.
Governor Sean Parnell and many house Republicans said the current tax structure takes too much from oil companies. The senate majority said either way it would like to put the issue to rest this session.
Public testimony is being taken by teleconference and started at 6 p.m, Tuesday. To watch the testimony live click here, to join call 1-800-563-5009.
Another public testimony teleconference is planned for Wednesday at 6 p.m.