Panel: Tax likely contributed to continued decline

Published February 8, 2013 2:23am ET



JUNEAU, Alaska (AP) — A Senate panel said Thursday that Alaska’s oil tax system likely helped advance the decline of oil production in the state, but it expressed misgivings with Gov. Sean Parnell’s approach to addressing the issue.

The special committee on oil flow through the trans-Alaska pipeline said its decision to send Parnell’s oil tax bill on for further review was “in no way an expression of support” for the measure in its current form. A letter of intent from the Republican-led panel referred to SB21 as “an adequate platform from which a respectful dialogue can begin” but said most of the committee’s members have concerns that would have to be addressed before they could support the measure.

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