• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
57s

Senators challenge governor over oil tax law

By Bonney Bowman 7:43 AM June 11, 2014

Two Alaska state senators are challenging Gov. Sean Parnell over SB-21. They say they’ll stop trying to get the new tax law overturned if he signs a guarantee it will work. Senators Hollis French and Bill Wielechowski issued the challenge Tuesday.

They want the governor to call a special session and sign a new statute.

If the state sees one additional barrel of oil production in 2019 over 2013 and earns one additional dollar in revenue, SB-21 will stay on the books.

If not, the former tax structure will be reinstated retroactively. Alaska’s Clear and Equitable Share, or ACES, was enacted by the Legislature in 2007.

The senators say their challenge gives SB-21 five years to prove itself successful and gives Alaska residents a safeguard if it doesn’t.

“If we don’t get more oil, if we don’t get more revenue, if we haven’t maximized our resources, then we get ACES reinstated back to 2014. It’s that simple,” French said.

The governor’s office called the challenge an election-year ploy. It says SB-21 has already started to work, creating new jobs and investment.

Voters will decide the fate of SB-21 in the August election.

Latest Stories

  • News

    CANstruction raises hunger awareness

    by Bonney Bowman on Feb 27, 21:04

    Making art and raising awareness about hunger, all with cans of food — the 2015 CANstruction food drive kicked off Friday at University Mall. Teams have 12 hours to build large sculptures, using only canned food. This year’s theme is “Under the Sea.” Organizers say it’s a great way to bring the issue of hunger in […]

  • Weather

    Evening News weather, Feb. 27

    by KTVA Weather on Feb 27, 20:55

    Kenai Peninsula/Prince William Sound There will be light snow on Saturday with some rain in there, too. No accumulation is expected in lower elevations. Valdez will only have snow. Southeast Southeast Alaska will have cloudy skies with light wind. Interior/North Slope Locations will have snow, blowing snow and blizzard conditions depending on the location. Mat-Su […]

  • News

    Students recreate tent city in school gym

    by Shannon Ballard on Feb 27, 20:43

    From a tent city to modern metropolis, Anchorage has come a long way in its 100 years. Some local students have brought to life a piece of the town’s history in a very real way. Polaris K-12 School students Breelyn Mangold and Canzada Maruski were curious about what was life like back in 1915. The girls […]

  • News

    Students link up for Anchorage children’s hospital

    by Shannon Ballard on Feb 27, 20:31

    Students around Anchorage found out that a little effort can reap big results. Together they raised more than $4,000 for the Children’s Hospital at Providence. All it took was a few weeks of selling small paper links for the Chains of Caring project for 25 cents, which added up. Highland Tech High School alone raised nearly $300. […]

  • Lifestyle

    Fur Rondy kicks off in downtown Anchorage

    by KTVA CBS 11 News on Feb 27, 18:35

    Friday marks the official start of the 80th annual Fur Rendezvous Festival in downtown Anchorage. The 10-day-long festival includes annual favorites, such as the snow sculpture competition, outhouse race and the Running of the Reindeer. The warm winter and lack of snow led to the cancellation of the Fur Rondy World Championship sled dog races this […]

  • News

    Anchorage police investigate Boniface stabbing

    by KTVA CBS 11 News on Feb 27, 16:17

    Anchorage police are investigating the stabbing of a man near Russian Jack Springs Park Friday afternoon. Just after 3 p.m., police received word of a stabbing in a residence near the 1000 block of Boniface Parkway. A man with a stab wound to the neck was found, but no suspect was located. The victim was […]

  • News

    Providence in Anchorage receives trauma care upgrade

    by Hope Miller on Feb 27, 15:07

    Providence Alaska Medical Center has become the second hospital in the state to earn a nationally recognized status in treating patients needing critical care. Providence received the level II trauma center designation after a review by the American College of Surgeons. The new label means Providence has surgeons, operating room staff, anesthesiologists and emergency department nurses […]

  • Politics

    Panel takes Medicaid expansion items from department budget

    by Associated Press on Feb 27, 14:00

    A House subcommittee has removed items related to Medicaid expansion from the Alaska health department’s budget, despite objections of minority Democrats. Republicans on the subcommittee, comprised of House Finance Committee members, repeated their desire for Gov. Bill Walker to introduce a bill on expansion rather than have expansion-related items sprinkled throughout the operating budget. They […]