ALASKA'S NEWSPAPER

| Updated: 11:36 PM

Senate leaders expect oil tax bill in committee soon

'NOTHING IS MORE IMPORTANT': Bill is not governor's version.

JUNEAU -- Senate President Gary Stevens said Thursday that he expects an oil tax bill to come before the Senate Resources Committee in about a week and a half.

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Stevens told reporters it won't be the governor's bill, a version of which passed the House last year. The Senate refused to act on the bill at the time, with leaders saying they didn't have the information needed to make a sound policy call.

The co-chairman of the resources committee, Sen. Joe Paskvan, D-Fairbanks, declined to say what the bill draft, being reviewed by lawyers, might contain. But Stevens noted that issues of concern include the progressive surcharge now triggered when a company's net profits hit $30 a barrel, tax credits and addressing heavy oil.

Paskvan said lawmakers have much more information now than they did a year ago.

Stevens, R-Kodiak, said his goal is to get a bill to the House with at least 30 days left in session. He said nothing is more important this session than finding a resolution on oil taxes.

Both made their comments during the Senate bipartisan majority's regular news conference.

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