Today is Wednesday, 6th November 2024

AK: Legislators In Rare Meetup Listen To Governor

Alaska legislators gathered at the Capitol on Sunday for an unusual joint session to hear why Gov. Sarah Palin had changed her mind on taxing the gross value of Alaska’s oil revenue.

Instead, she’ll now try to patch the holes in former Gov. Frank Murkowski’s Petroleum Profits Tax, based on net revenue. The oil tax structure brought in hundreds of millions of dollars less than expected in its first year.

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