JUNEAU, Alaska — State Senate President Gary Stevens (R-Kodiak) made a rare floor speech Monday morning, explaining why Gov. Sean Parnell’s oil tax cut bill (HB 110) won’t advance any further this session.
“The sky is not going to fall -- let’s take the time we need to get this right,” Stevens said.
He called for more “careful, wise, and judicious” decision-making and said that there are still many unanswered questions.
Stevens said he and other Senate leaders are waiting for reports that show how Alaska’s tax structure compares with other states and countries. The first of those reports is not expected until this summer.
Supporters of HB 110 say lower oil taxes are urgently needed to spur investment on the North Slope.
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