Pipeline Tax Battle Heats Up | Anchorage News

Alaska lawmakers are racing against time in a special session, with a major showdown looming over a proposed natural gas pipeline tax break—and a contentious corporate tax loophole that could derail the whole deal. While legislators are out visiting districts, the real drama is brewing in a six-person conference committee trying to reconcile a bill that includes a controversial provision: ending a tax exemption for privately held oil and gas companies. Senators argue it’s vital to protect state finances as pipeline revenues may decline, but business groups warn it could scare off investors. The governor has vowed to veto any bill with this provision, and with key Republicans and even some majority members opposing it, the committee is deadlocked. If no agreement is reached by July 19th, the governor may call for a third special session—starting the debate over again. 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/8278a79a2abe086c