Johansen: Energy tax overhaul doubtful

Posted: Tuesday, March 30, 2010

JUNEAU - House Majority Leader Kyle Johansen doubts there's enough interest to overhaul Alaska's oil and gas production tax.

There was considerable talk early this session about whether the tax, called Alaska's Clear and Equitable Share, was hindering development and needed to be changed. The Department of Revenue said the tax is performing as expected but at least two bills were proposed aimed at spurring greater development.

One from Gov. Sean Parnell includes expanding tax credits for drilling and well work costs. Another by Rep. Craig Johnson goes farther, including making changes in how the tax is calculated.

Johansen said he's not sure the environment is right - or the appetite is there - to address the issue before lawmakers adjourn April 18. However, he expects it to emerge again later, likely, for next session.

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