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Senate passes oil tax reform bill

Anchorage Daily News online -- Measure offers 30 percent discount on taxes for bringing new fields on-line.

By RICHARD MAUER
Anchorage Daily News

Published: April 15th, 2012 12:30 AM
Last Modified: April 15th, 2012 07:27 AM

JUNEAU -- The Senate on Saturday grabbed a modest, slow-moving bill encouraging petroleum drilling in the state's Interior, boosted it to the top of its agenda and stuffed it with a key piece of the oil tax reform it had been unable to pass in a much larger bill.

By 6 p.m., the bill, now a stripped-down version of the tax measure that struggled in the bipartisan caucus since Wednesday, passed the Senate floor on a strong 17-3 vote, with all 10 Democrats and seven Republicans voting in favor.

Rather than the broad the tax reform the Senate attempted but couldn't accomplish, the measure was

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Submitted Apr 15, 2012 By: Nitewolf

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roadrunnin Champion Author Richmond Posts:1,749 Points:563,710 Joined:May 2008	Message Posted: Apr 15, 2012 8:16:23 PM Ignore roadrunnin Report Abuse hope they can still operate with low income
36_ACRES_4_SALE All-Star Author Appleton Posts:999 Points:338,815 Joined:Oct 2011	Message Posted: Apr 15, 2012 7:25:48 PM Ignore 36_ACRES_4_SALE Report Abuse :-p
hubie24 Veteran Author Michigan Posts:315 Points:204,080 Joined:Jul 2010	Message Posted: Apr 15, 2012 6:52:38 PM Ignore hubie24 Report Abuse wow a discounted tax! What a shocker!
Lugi1967 Champion Author Ohio Posts:4,778 Points:1,001,045 Joined:Jun 2010	Message Posted: Apr 15, 2012 5:52:49 PM Ignore Lugi1967 Report Abuse Took long enough Still not done
MOREDLEG Champion Author Missouri Posts:2,650 Points:610,210 Joined:May 2011	Message Posted: Apr 15, 2012 11:38:55 AM Ignore MOREDLEG Report Abuse Do not be fooled, they will get theirs... outta your pockets!!!!
kag2010 Champion Author Winnipeg Posts:5,249 Points:1,018,785 Joined:Apr 2010	Message Posted: Apr 15, 2012 11:08:15 AM Ignore kag2010 Report Abuse Good grief!
Rehorsehay All-Star Author California Posts:871 Points:45,925 Joined:Feb 2012	Message Posted: Apr 15, 2012 10:16:36 AM Ignore Rehorsehay Report Abuse Not sure the people of Alaska are going to like this?
Mark8601 All-Star Author Bakersfield Posts:913 Points:379,365 Joined:Dec 2011	Message Posted: Apr 15, 2012 10:13:35 AM Ignore Mark8601 Report Abuse Good grief! Govt. at its best!
olive2trvl Rookie Author Philadelphia Posts:68 Points:334,665 Joined:Jan 2012	Message Posted: Apr 15, 2012 10:09:09 AM Ignore olive2trvl Report Abuse So much nicer what a simple bill is put thrrough rather than lots of congresspeople adding in their won piece that is often not realted to the original bill. Like the 1099 forms tacked on to the health ins mandate.
fedupMN Champion Author Twin Cities Posts:2,949 Points:572,480 Joined:Mar 2011	Message Posted: Apr 15, 2012 10:05:40 AM Ignore fedupMN Report Abuse Drill-baby-drill!!!!
dave27johnson Champion Author Chicago Posts:1,787 Points:407,450 Joined:Feb 2012	Message Posted: Apr 15, 2012 9:23:19 AM Ignore dave27johnson Report Abuse A good incentive to replace current oil fields that are drying up.
humblepie Champion Author Toledo Posts:34,179 Points:2,370,395 Joined:Mar 2006	Message Posted: Apr 15, 2012 9:19:41 AM Ignore humblepie Report Abuse GET-R-DONE
The_DR Champion Author New Jersey Posts:2,780 Points:584,090 Joined:Aug 2011	Message Posted: Apr 15, 2012 9:13:41 AM Ignore The_DR Report Abuse Good
hoosierva Champion Author Indianapolis Posts:1,036 Points:483,395 Joined:Jul 2011	Message Posted: Apr 15, 2012 9:02:07 AM Ignore hoosierva Report Abuse hope it is good for everyone and not just a few
vtroger Veteran Author Vermont Posts:284 Points:560,470 Joined:Mar 2011	Message Posted: Apr 15, 2012 8:50:58 AM Ignore vtroger Report Abuse Yes this sounds like standard politics. This is why the govt needs to back off.