Published: April 13th, 2010 12:55 PM
Last Modified: April 13th, 2010 12:56 PM
JUNEAU -- A House committee has moved out its version of a bill that would change Alaska's system of taxing oil and gas production together. This followed at-times tense meetings, some of which went late into the night and left some in the room more confused than when the hearings began.
The bill moves from the Resources Committee to the Finance Committee, its last stop before consideration by the entire House. The Senate passed its own version earlier.
Those backing a change want to guard against what they say could be the loss of billions of dollars in revenue, once gas flows through a proposed major pipeline. This is due to a potential "dilution effect" under the current regime, when oil prices are high relative to gas.
Others aren't convinced action is needed now.
ADVERTISEMENT
NEW STORY COMMENTS: Learn about our upgrade | Create an avatar in the new system »
By submitting your comment, you are agreeing to adn.com's user agreement.
Standout Kenyan runner rebuilds his life
Shell's Arctic oil exploration stands to open new frontier
Coast Guard rescues 5 from fishing vessel
Black bear causes stir in Anchorage visit
Appeals court backs decision giving Shell OK to drill in Arctic
Most read
Standout Kenyan runner rebuilds his life
Shell's Arctic oil exploration stands to open new frontier
Black bear causes stir in Anchorage visit
Most e-mailed
Standout Kenyan runner rebuilds his life
Appeals court backs decision giving Shell OK to drill in Arctic
Shell's Arctic oil exploration stands to open new frontier
Most-viewed galleries
Sell it today 
Place an ad | Find an ad
Read the adn.com updated privacy policy | 
Important warning about e-mails purporting to be from the adn.com staff.
© Copyright 2012, The Anchorage Daily News, a subsidiary of The McClatchy Company 
Contact Us | Newsroom Contacts | Communication Forms | Subscriptions | Advertising | Featured Advertisers
Daily News Jobs |
RSS Feeds |
|
ADN Store |
Newspapers in Education
Terms of Service | Privacy Policy | About our ads | Copyright
