Lawmakers Consider Phasing Out Oil and Gas Tax Credits

first_imgThe rewrite would eliminate oil and gas tax credits by 2020, instead introducing “carry-forward lease expenditures,” which would reduce future tax payments. The measure will cost the state an estimated $290 million less by 2020 and $390 million less by 2022. Speaker Chenault(R-Nikiski): “I think we’re getting closer to getting an oil and gas tax passed and that’ll allow us to wrap up the budget and finish looking at revenue measures.” FacebookTwitterEmailPrintFriendly分享It’s been difficult for State House Representatives to come to an agreement on oil and gas tax credits, but Nikiski’s Speaker of the House is optimistic about a new version of the bill…center_img The draft is yet to be formally introduced or heard.last_img

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