The court upheld a lower court’s ruling that Lt. Gov. Kevin Meyer, a former oil company employee, had biased the summary of the oil tax initiative.
By former Rep. Les Gara. To submit an editorial for consideration get ahold of The Midnight Sun’s editor Matt Buxton at [email protected] Corporate Profits (Millions…
There’s a reason legislators have shied away from oil taxes in recent years.
The action comes as an industry-funded opposition group enters the race.
A trip to the court is a possibility.
Fischer said he signed because the new revenue would go a long way to protecting things that matter to Alaskans, including the dividend.
Backers braced for a legal fight over the measure but this one gets to skip the courts.
The Legislature will have an opportunity to bump the initiative off the ballot by passing legislation materially similar to the bill.
Sponsors say they believe the changes would increase oil revenue to the state by about $1 billion a year.
Legislators are working like they’ll be out in 90 days. Here’s what happened and what to look forward to.