Oil and Gas Production Tax is Removed From the Special Session

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By Megan Edge

Story Created: Apr 25, 2012 at 10:42 PM AKDT

Story Updated: Apr 26, 2012 at 8:26 AM AKDT

ALASKA - Wednesday evening Governor Sean Parnell signed a proclamation that will remove the hottest topic in the special session – oil and gas production taxes.

"Given the hard line position of some in the senate against increasing production from both existing and new fields, the Senate appears incapable of passing comprehensive oil tax reform,” said Parnell.

But before the special session can wrap up the senate must take up a piece of gasline legislation, HB9.

HB9 is currently stuck in the Senate Community and Regional Affairs Committee.
 

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Anonymous said on Thursday, Apr 26 at 4:02 PM

gee what could have caused that to happen...sniff... sniff...I smell federallies...ahhh...smells good!!! Have fun trying to expalin to them Parnell where that trust fund went...gosh golly darn those feds!!!

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Oil said on Thursday, Apr 26 at 4:01 PM

They just want to win, they will not create jobs or increase pay. Been there seen it. If they want more money they will drill more without tax breaks. If they don't want to drill then more on, sell the place. Simple as that.

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Guest said on Thursday, Apr 26 at 11:29 AM

Like I said yesterday the number of jobs that this would create doesn't offset the 1 billion tax break. The oil companies can choose to make money under the current tax plan or not. It would take 20,0000 jobs at and average salary of $50,000 to offset the tax cut. Just because the politicians in North Dakota are letting the oil companies take advantage of them doesn't mean Alaskans should as well.

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John said on Wednesday, Apr 25 at 10:50 PM

You know that these sorts of stories generally cover both sides of a particular argument, right? You're just going to let the Governor's selective comments stand and call it journalism?

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