Alaska Senate Votes to Tax Oil Giants
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Alaska Senate Passes Tax on Oil and Gas Companies: A contentious amendment to a governor-requested bill targets S corporations in the oil and gas industry, potentially bringing in over one hundred million dollars a year. The change aims to level the playing field and boost revenues for crumbling schools, housing, and rural services, but critics argue it could scare off investment and threaten natural gas supplies. The measure still needs House approval and Governor Mike Dunleavys signature.
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