Oil tax being reviewed

Debate got underway today (Tuesday) on a proposed overhaul of Alaska's oil tax structure.

The Senate was considering amendments to senate bill 21, which is aimed at encouraging more investment and increasing oil production.

Critics say the proposal gives too much away to oil companies with no promises the state will see anything in return.

The senate finance committee was looking at formation of a group similar to one in Alberta, British Columbia, that comes up with ways to make resources attractive to investors.

Sen. Lesil McGuire of Anchorage said that in the past 6 years, there have been three changes in Alaska law to try and make the state competitive.

She pointed out that Alberta, British Columbia has a task force that comes up with ideas for their lawmakers in that regard.

She said "In every case, the impetus for change has been politically motivated and has been a source of, I would say, stress."

 

 

 

 

And in every case, the impetus for change

 

has been politically motivated and has been a source of, I would say, stress.