A story in Monday’s print edition of the Empire incorrectly characterized the oil tax credit buyback provision of House Bill 247. The Alaska Retirement Management Board will offer 60 cents on the dollar for companies’ credits, and the state will buy the credits at face value from the ARM Board. If the purchase is staggered over five years, it would equal a 10 percent return for the ARM Board.
The Empire regrets all errors. To report an error or request a correction, email editor@juneauempire.com or call 523-2265.
