Published: February 8th, 2012 02:12 PM
Last Modified: February 8th, 2012 02:13 PM
JUNEAU -- The long-awaited Senate oil tax bill has been introduced, and there are no surprises in it.
Senate President Gary Stevens says SB192 contains placeholder language that preserves the status quo. The language refers to the progressive surcharge triggered when a company's production tax value hits $30 a barrel.
Senators have expressed openness to at least discussing the issue of progressivity, and they plan to work out the details of any oil tax bill during the committee process.
The bill is expected to come up in the Senate Resources Committee on Friday.
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