Resources Committee Opens Hearings On Oil Tax Bill

The Senate Resources Committee late Friday afternoon opened a series of hearings on a bill changing the state’s oil tax regime. Revenue Commissioner Brian Butcher has been before the Committee explaining the oil production downturn that he says began about the time the legislature passed the current tax on company profits as worldwide oil prices began to increase.  The Senate Finance Committee begins informational hearings Monday morning comparing Alaska to other oil-rich parts of the world.

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