Parnell's Oil Tax Bill Head to Senate Resource Committee

Governor Parnell's oil tax bill passes through the senate TAPS committee and moves to senate resources.

Alaska. The Alyeska Pipeline on a sunny day in winter.

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by Associated Press

JUNEAU, Alaska (AP) - A Senate panel sends the governor's oil tax bill on for further review.

The special committee on oil flow through the trans-Alaska pipeline is scheduled to meet Thursday. The committee plans to continue to study other issues that might be affecting oil production, even after sending the bill to the next committee for review, Senate Resources.

Parnell has proposed sweeping changes to Alaska's oil tax structure, aimed at making Alaska more competitive and encouraging new production. At least two of the Republicans on the special committee, Sens. Peter Micciche and Anna Fairclough, have raised concerns with the bill.

Micciche has said he thinks it will need some fairly significant changes to gain his support, while Fairclough has said she isn't convinced the progressive surcharge should be scrapped.

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