As we’ve reported, Governor Sean Parnell is continuing to work with state lawmakers for changes to the states oil tax policy. Parnell said that he’s continuing to use four guiding principles for any potential changes..
Gov. Parnell: “Any legislative proposals will be met with an open mind and will be evaluated according to my four guiding principles: any tax change must be first, fair to Alaskans; second, it’s got to encourage new production; third, it must be simple so that it restores balance to the system; and fourth, it’s got to make Alaska competitive for the long term. If we hold true to these principles, Alaskans will reap the benefits of increased oil production for generations.”