All eyes in Juneau will be watching the State Senate in the coming days as Senate Bill 21, the bill to reform the state’s oil tax policy is coming close to a floor vote. We spoke this morning to Senator Peter Micciche of Soldotna about changes made to SB21 during the Senate process…
Sen. Micciche(R-Soldotna): “What the senate has done is taken the governor’s tax bill, that you know I was uncomfortable with the lower rate. It looks like it will come out at 35 and 5, and I gave a floor speech yesterday. Yesterday was the anniversary of a gathering of folks, that defined a fair share for Alaskans It was Gov. Hammond, Senate President Kerttula, Speaker Jim Duncan, Ed Dankworth, Hugh Malone, and they talked about a fair share being 30%. The current senate bill 21, that came out of the senate with my 35 and 5 is about 33% for the state.”
Micciche noted that his 35 and 5 plan is a 35% base tax with a $5 per barrel deduction.
Sen. Micciche(R-Soldotna): What that does is shapes the curve, it makes the tax progressive, slightly progressive, not punitively so as it was with ACES. So it gradually increases, but as the price of oil increases, Alaskans get a slightly larger share.”