Senate passes oil tax bill

Now the oil tax debate in the Legislature can really start.

The Republican-led Senate passed House Bill 111, this year’s oil tax credit legislation, Monday afternoon by a 14-5 vote alongcaucus lines.

The Senate version of the bill ends the cashable tax credit “experiment,” Anchorage Republican Sen. Cathy Giessel said in thefloor debate, along with preventing companies producing oil in the state’s largest fields from using deductible credits to taketheir tax obligation below the 4 percent gross minimum tax.

Read more

More in News

A sign outside of RD’s Barber Shop indicating that they are closed can be seen here in Kenai, Alaska on March 25, 2020. (Photo by Brian Mazurek/Peninsula Clarion)
Changes proposed to pending ‘shop local’ program in Kenai

Changes to the program have been proposed by city council members, city administration and the public

File
Dunleavy appoints new attorney general

Sniffen held the position in an acting capacity following the resignation of Kevin Clarkson.

Kenai City Hall on Feb. 20, 2020, in Kenai, Alaska. (Photo by Victoria Petersen/Peninsula Clarion)
Kenai to consider extension of disaster declaration

If approved, the declaration would be extended to Feb. 28

AP Photo / Becky Bohrer 
Welcome bags and plexiglass dividers placed around their desks await lawmakers on the Alaska House floor in Juneau. The committee was among several that had scheduled meetings Monday, the last day before the new Legislature is set to convene Tuesday.
Alaska Legislature to convene amid budget, virus concerns

Neither the House nor the Senate has organized majorities.

New signage at the Alaska State Capitol on Friday, Jan 15, 2020, reminds visitors of health mitigation strategies. Committees from the previous legislature had their final meetings Monday as the new session starts Tuesday. (Peter Segall / Juneau Empire)
State will audit CARES Act funding

Public money, public information.

COVID-19. (Image via CDC)
More than 55,000 Alaskans have received initial vaccine

DHSS announced 153 new COVID-19 cases in Alaska on Monday

The River City Academy class of 2019 awaits the walking ceremony Tuesday, May 21, 2019, at the Soldotna Regional Sports Complex in Soldotna, Alaska. (Photo by Joey Klecka/Peninsula Clarion)
City of Soldotna now accepting scholarship applications

In total, the committees will award up to a combined $55,100 to eligible applicants

Most Read