Bill would remove Cook Inlet tax credits

Since the mid-2000s, oil and gas activity in Cook Inlet stood to benefit from lucrative tax credits and incentives meant to boost exploration and development, and stabilize the natural gas supply. If Gov. Walker signs the Legislature’s compromise on oil and gas tax reform, those credits will come to an end.
House Bill 247 passed the Legislature on June 6. While it doesn’t go as far as Gov. Walker originally proposed in rolling back financial perks for the oil and gas industry, it doe