Petitions are circulating in Juneau and throughout Alaska to hold a referendum on the oil tax bill recently passed by the legislature. I urge you to sign. A referendum will allow the voters to reject Senate Bill 21. This bill (SB 21) revised the state oil tax commonly known as ACES (Alaska’s Clear and Equitable Share), which was adopted in 2007 with a bipartisan majority, and with Governor Sarah Palin as the moving force. SB 21 lowers the tax rate in ACES and drastically reduces state revenue from our oil fields.