JUNEAU, Alaska—Senators still plan to get an oil tax bill to the House this session but they may not be able to deal with all the associated issues before adjournment in April.
Sen. Bert Stedman says the priorities for the bipartisan majority caucus are dealing with the progressive surcharge, the state's method of taxing oil and gas production together and tax credits. Senators plan to try to reach consensus on the surcharge and move on to other issues. Stedman argues it is imperative the state address separating oil and gas for tax purposes.
A consultant to the Legislature testified Tuesday to the complexity of the current tax structure, and said it should be simplified in the state's efforts to boost investment and production.