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The Senate prefiled bills from Friday, Jan. 10 include a major rewrite of Alaska’s oil taxes, to increase the taxation on the largest fields on the North Slope. The list of bills filed by senators on Friday:
SB 128, sponsored by Mia Costello:Requiring legislative approval for certain state charges, rentals, and fees related to aviation.
SB 129, sponsored by Bill Wielechowski: Relating to the oil and gas production tax; relating to credits against the oil and gas production tax; relating to payments of the oil and gas production tax; relating to lease expenditures and adjustments to lease expenditures; making public certain information related to the oil and gas production tax; relating to the Department of Revenue; and providing for an effective date. This bill is similar to the oil tax voter initiative called “Our Fair Share,” and has a slim chance of passage, but shows that the Our Fair Share initiative is not as simple as it’s made out to be, a case made by the Attorney General’s opinion on the initiative language.