Legislative Week in Review: Week Three

Key Messages of the Week:

  • New legislation changing Alaska’s oil and gas tax regime, for the 7th time in 11 years, is likely coming from the House Resources Committee this week
  • Most Finance sub-committees have now heard department overviews
  • The House Majority is holding hearings on issues that won’t help the private sector or solve our fiscal situation and declared victory by passing two resolutions that do, well, nothing

January 30, 2017

  • House Resources Committee listened to Tax Division Director Ken Alper give a lengthy presentation on the history of Alaska’s oil tax regimes, and the current status of Alaska’s oil tax framework & performance under SB 21
  • Senate Resources Committee heard from the Department of Natural Resources Division of Oil and Gas regarding the 2016 Fall Production Forecast and new modeling methods implemented by the Department

January 31, 2017

  • House Fisheries heard Rep. Josephson present his bill, HB 14, which would give the Legislature final approval over certain mines in the Bristol Bay region
  • Joey Crum, Executive Vice President of Alliance member company Northern Industrial Training (NIT) testified before the Senate Labor and Commerce committee on all the great training programs and courses NIT offers and excels at
  • Senate State Affairs passed Sen. Dunleavy’s bills (SB 1 & SB 2) which would pay out the other half of the 2016 dividend Gov. Walker vetoed in half, out of committee

February 1, 2017

  • House Resources heard an update from the industry – AOGA, ExxonMobil, BP, and ConocoPhillips testified – on how SB 21 is working to increase production and investment activity in Alaska
  • Senate Resources got an overview of the Oil and Gas Competitiveness Review Board (created under SB 21) from Commissioner Hoffbeck and Chair of the Board Wyche Ford, Alliance member from Fluor.
  • House Resources had a 2nd hearing in the evening and heard from the smaller oil and gas producers and independents on their views of Alaska’s industry and how SB 21 is working

February 2, 2017

  • Senate Labor and Commerce heard Sen. Costello present her bill, SB 14, which would allow Uber, Lyft and other transportation network companies to finally operate in Alaska. Public testimony was overwhelmingly in support of the bill, except for the taxi cab industry

February 3, 2017

  • House Resources Committee invited anti-industry attorney Robin Brena to present his plan to increase taxes on the oil and gas industry in Alaska