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Senate panel tackles oil tax revision

Anchorage Daily News online -- Proposed measure immediately attracts a host of amendments.

By LISA DEMER
Anchorage Daily News

Published: February 24th, 2012 10:08 PM
Last Modified: February 25th, 2012 12:07 AM

JUNEAU -- The big fight in the Alaska Legislature this year over oil taxes is beginning to play out in the Senate Resources Committee and it may be epic.

A new version of an oil tax bill was unveiled Friday afternoon -- with 17 amendments or related ideas right off the bat. The committee is meeting again on Saturday to discuss them.

The measure rolls back oil taxes but not as much as Gov. Sean Parnell wants.

The Resources Committee is taking the lead in crafting a Senate alternative to tax legislation pushed by Parnell that cleared the state House last year, only to stall in a skeptical Senate.

The resource

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Submitted Feb 25, 2012 By: Nitewolf

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roadrunnin Champion Author Richmond Posts:1,743 Points:561,565 Joined:May 2008	Message Posted: Feb 26, 2012 7:53:03 AM Ignore roadrunnin Report Abuse So essentially Alaskan politicians think that lowering the tax rate for now more profitable oil companies will bring them back North . . . maybe the answer is for other states to start taxing them too, everyone is repealing taxes on oil companies and yet, nothing is being done by oil companies to help domestic consumers.
dsaine Champion Author North Carolina Posts:2,982 Points:629,570 Joined:May 2011	Message Posted: Feb 26, 2012 6:21:17 AM Ignore dsaine Report Abuse Wait and Watch
buckets42 Champion Author New Jersey Posts:1,690 Points:329,550 Joined:Oct 2011	Message Posted: Feb 25, 2012 7:19:58 PM Ignore buckets42 Report Abuse Yeah.
scu227 Champion Author New Haven Posts:4,130 Points:767,880 Joined:Feb 2011	Message Posted: Feb 25, 2012 4:49:44 PM Ignore scu227 Report Abuse Politician trying to position for elections.
kag2010 Champion Author Winnipeg Posts:5,239 Points:1,016,735 Joined:Apr 2010	Message Posted: Feb 25, 2012 4:13:22 PM Ignore kag2010 Report Abuse A new version of an oil tax bill was unveiled Friday..
paulsond Sophomore Author Maryland Posts:237 Points:506,920 Joined:Sep 2008	Message Posted: Feb 25, 2012 4:08:18 PM Ignore paulsond Report Abuse Interesting.
doggod Champion Author Anchorage Posts:2,828 Points:737,360 Joined:May 2009	Message Posted: Feb 25, 2012 4:04:16 PM Ignore doggod Report Abuse Oil taxation is a delicate tightrope because there's a long way to fall in both directions.
ktbaeohana Champion Author Las Vegas Posts:2,296 Points:420,700 Joined:Mar 2010	Message Posted: Feb 25, 2012 3:42:14 PM Ignore ktbaeohana Report Abuse Watch and see.
djwhit Champion Author Ohio Posts:2,992 Points:1,204,455 Joined:Jul 2009	Message Posted: Feb 25, 2012 2:21:58 PM Ignore djwhit Report Abuse WAKE UP USA.......