Oil Tax Bill Still Not Finished by Senate, Session May Be Extended

There is talk of extending the Legislative session past April 15th in Juneau because the central issue of taxing the oil and gas industry has not been resolved yet.  House Speaker Mike Chenault says it’s “very unlikely” the Senate will leave the House enough time to do their work on the Senate version of an oil tax bill – Senate Bill 192.  Alternatives are to try again to get Senate agreement on the House bill passed last year, calling a special session, or just dropping the issue and letting the next Legislature deal with it next year.  Inaction would leave the current “ACES” tax structure, now strongly opposed by the Governor, in place.