House bill to reduce ACES tax tabled
Senate proposal to decouple progressivity on oil and gas moves out of Finance; companion bill has been heard in House Resources
House Bill 308, an attempt to reduce the progressivity rate in Alaska’s Fair and Equitable Share, or ACES, was tabled in House Resources March 26, victim of a fiscal note which indicated that over time the change could cost the state more than $2 billion in reduced revenue.
In the Senate, however,....
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Trigger loss in revenue
Senate Finance moves bill
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