Gov. Removes Oil Taxes From Special Session Call

Gov. Sean Parnell has pulled oil taxes off the special session call, blaming senators for unwillingness to compromise.

The decision came just one week into a special session called to deal with three issues: oil taxes and in-state gas line and human trafficking bills.

His plan to cut oil taxes faced skepticism, if not outright rejection, from senators from the start. Some saw it as nothing more than a repackaged version of the tax-cut plan he pushed last year and that the Senate rejected.

Parnell’s bill borrowed from a Senate proposal, providing a tax break for oil from new fields.

But it also cut taxes for existing producers and allowed tax incentives for well-lease expenditures, provisions in line with HB110, the bill that stalled in the Senate last year.