Alaska Pipeline Tax Battle Heats Up | Anchorage News

Alaska lawmakers are locked in a tense standoff over a major natural gas pipeline bill, with the fate of a corporate tax exemption hanging in the balance. Privately held oil and gas firms like Hilcorp could pay millions in state taxes if the exemption is scrapped — a move backed by some legislators who say it’s vital for Alaska’s finances, but fiercely opposed by industry groups and even some Republicans. The governor has vowed to veto any bill that includes the tax break, and with House votes uncertain, a conference committee must find common ground before the special session ends July 19 — or risk another round of negotiations. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ee9929a0bc80d24b