Lawmakers Discuss Oil & Gas Tax Changes

State lawmakers discuss changes to Alaska’s current oil gas tax structures known as Alaska’s Clear and Equitable Share, or ACES.

Tools

By KTVA CBS 11
Bio

Story Created: Mar 20, 2011 at 7:16 PM AKDT

Story Updated: Mar 20, 2011 at 7:16 PM AKDT

Lawmakers are gearing up to discuss proposed changes to Alaska's oil and gas tax structure. Governor Sean Parnell and several legislators want to change the current tax structure, known as Alaska's Clear and Equitable Share, or ACES.

Supporters of the changes say the state's production numbers are being hurt by what they say is an anti-business tax structure. The bill has drawn criticism from other lawmakers though, who say it amounts to nothing but a $2 billion annual giveaway to oil companies.

Tomorrow at the downtown offices of the legislative information office, the house finance committee will be talking to both native corporations and local businesses that could be affected by the proposed tax change.

ANSCA Regional Corporation officials will testify at 9am, and Alaska businesses will give their take at 1pm. All the meetings are open to the public.

Add a comment

Name:

Comment: 1000 Characters Left

KTVA CBS 11 | Anchorage, Alaska News and Weather and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.