ALASKA'S NEWSPAPER

| Updated: 12:01 AM

4 weeks enough to deal with oil taxes, House speaker says

JUNEAU -- House Speaker Mike Chenault says four weeks is enough to deal with the oil tax issue, provided the House isn't sent a "complete rewrite" of Alaska's production tax regime.

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The Senate president's goal is to get a bill to the House with at least 30 days left in session.

Chenault and other majority members say they want a "meaningful" tax bill that will help boost investment and reverse the trend of declining oil production. Last year, the House approved a tax-cut bill that stalled in the Senate.

The Senate is writing its own bill.

Chenault says lawmakers can go home without passing a tax bill if faced with something "hollow." He says it's possible they could stay past 90 days if work is being done on a more substantial bill.

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