The House Rules Committee released its version of House Bill 247, which scales back tax credits for oil and gas industry, on Thursday.
North Slope
Shell forfeits Arctic leases once worth $2 billion
“They’re significant because they really call to an end this era of exploration, at least in the Chukchi Sea,” said Michael LeVine of the conservation group Oceana.
After delays, oil and gas tax bill gets hearing
The committee’s version of the bill would phase out refundable tax credits over the next three years.
State fines Hilcorp $20,000, cites pattern of violations
In its decision, the AOGCC called the Milne Point Unit incident “emblematic of ongoing compliance problems” at Hilcorp’s operations, saying the disregard for regulations “is endemic to Hilcorp’s approach” in Alaska.
Walker, industry leader differ on oil and gas tax credit bill
Considering the governor and the Legislature’s majorities remain far apart on an income tax and other tax increases, it doesn’t look like the session will end any time soon.
Latest oil and gas tax credit aimed at gaining majority
The bill would save the state more money over the next three years than a previous version of House Bill 247.