Locals asked to support ‘Vote No’

  • By Staff Report
  • Wednesday, March 19, 2014 11:28pm
  • News

Attendees of the joint Kenai and Soldotna Chambers luncheon heard a presentation urging them to join the Vote No on 1 coalition Wednesday.

Danny Bookey, general manager at Petroleum Equipment and Services Inc. delivered a presentation drafted by Al Hull, vice president of PESI and Kenai chapter president for The Alliance, on why Alaskans should support Senate Bill 21.

SB21 took effect on Jan. 1, and Bookey said, is already working to reverse Alaska’s decline in oil production.

ADVERTISEMENT
0 seconds of 0 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:00
00:00
 

“The old tax structure known as (Alaska’s Clear and Equitable Share) is the major culprit (of the decline),” Bookey said.

The Alaska Legislature passed ACES into law in 2007, which Bookey said, was the most complicated oil tax law in the country with the highest rates.

“It did not increase production,” he said. “It chilled the investment climate.”

SB21 eliminates punitive and progressive taxes, increases the base rate by 10 percent, reduces complexity and provides investment incentives, he said.

Voters will face Measure 1 asking them if they want to repeal SB21 on the August primary ballot.

He said supporters of the repeal are believed to not know the facts of the tax reform.

In fiscal year 2015, Bookey said, the SB21 tax system will bring in more tax revenue than ACES.

He said SB21 is working with producers announcing investments and projected spending of $10 billion in the next 10 years.

“Oil tax reform fixed a failed structure,” he said.

— Staff report

More in News

Amber Gall (left) and Rachael Kincaid (right) are South Peninsula Hospital's new Chief Nursing Officer and Chief Operating Officer, respectively. Photo provided by Derotha Ferraro
South Peninsula Hospital names new leadership

South Peninsula Hospital’s former chief nursing officer has been named the new chief operating officer.

A sign directs the public toward a tsunami shelter in Seldovia, Alaska, on Sept. 27, 2021. (Photo by Erin Thompson/Peninsula Clarion file)
Tsunami watch canceled for Resurrection Bay, Kachemak Bay communities

The watch followed an 8.7 earthquake that occurred Tuesday afternoon off the coast of Kamchatka, Russia.

A “Vote Here” sign directs voters to the voting station at Homer City Hall on Oct. 3, 2023, in Homer, Alaska. (Finn Heimbold/Homer News file photo)
Homer city election filing period opens Aug. 1

The deadline to file for candidacy is Aug. 15 at 4:30 p.m.

Salutatorian Grace Kahn speaks during the Kenai Central High School graduation ceremony in Kenai, Alaska, on Tuesday, May 20, 2025. (Jake Dye/Peninsula Clarion)
Kenai Peninsula represented by 3 in 2025 Summer of Heroes

The program spotlights Alaska youth driving change in their communities.

Rep. Andi Story (D-Juneau), Rep. Rebecca Himschoot (I-Sitka), and Rep. Sarah Vance (R-Homer) watch the vote tally during a veto override joint session on an education bill Tuesday, May 20. (Jasz Garrett / Juneau Empire)
Dunleavy outlines priorities for special session

The Senate and House majority say the Legislature plans to consider two veto overrides.

Mount Marathon, seen July 4, 2022, in Seward, Alaska. (Jeff Helminiak/Peninsula Clarion)
Swiss hiker rescued near Mount Marathon in Seward

The hiker said he’d climbed a mountain and gone beyond his ability

tease
‘All the kids are grand champions’

Kenai Peninsula 4-H shows off at Agriculture Expo

Soldotna City Council member Jordan Chilson and Soldotna Mayor Paul Whitney grill hot dogs at the Progress Days Block Party at Parker Park in Soldotna, Alaska, on Saturday, July 26, 2025. (Jake Dye/Peninsula Clarion)
Progress Days block party keeps celebration going

Vendors, food trucks, carnival games and contests entertained hundreds

Children take candy from a resident of Heritage Place during the 68th Annual Soldotna Progress Days Parade in Soldotna, Alaska, on Saturday, July 26, 2025. (Jake Dye/Peninsula Clarion)
‘It feels so hometown’

68th Annual Soldotna Progress Days parade brings festivity to city streets

Most Read

You're browsing in private mode.
Please sign in or subscribe to continue reading articles in this mode.

Peninsula Clarion relies on subscription revenue to provide local content for our readers.

Subscribe

Already a subscriber? Please sign in