The House Rules Committee released its version of House Bill 247, which scales back tax credits for oil and gas industry, on Thursday.
Politics
Bank threatens to sue the state for $28M over Anchorage LIO move
If lawmakers abandon their lease of the Anchorage LIO, the bank holding the developers’ debt says it will sue for up to $27.5 million.
Representative, lobbyist argue whether ending tax credits is a money grab
Alaska Oil and Gas Association President and CEO Kara Moriarty said the House Rules Committee substitute bill would be disastrous.
Anchorage Assembly tells legislators to keep LIO downtown
The Anchorage Assembly passed a resolution asking lawmakers not to move its office out of downtown. Lawmakers are considering moving to the Wells Fargo building in the Spenard neighborhood.
After 4 days of debate, House adopts criminal justice overhaul
The House and Senate will likely form a conference committee to resolve the differences between the chambers’ different versions of the bill.
For first time, Cook Inlet oil and gas lease sale has no bidders
“Companies are looking to make investments, they need some degree of certainty, and there is nothing but uncertainty right now in the Alaska oil and gas industry,” an AOGA representative said.