Senate passes tax bill
The Senate this morning passed the oil tax bill 14-5 as amended yesterday by the Senate special committee hearing oil and gas issues. The bill was sent on to the House, which is scheduled to meet at 10 a.m.
Two amendments were introduced this morning. The first would have changed the tax from one based on net profits to one based on gross production. The second would have removed from the tax incentives for natural gas development costs. Both failed.
Sen. Gene Therriault was the only Republican who voted against the bill when the roll was called just after 8 a.m.
News-Miner reporters Stefan Milkowski and Eric Lidji bring you up-to-date info about the governor's oil tax and
the gas line plans as well as tossing in some tidbits that have nowhere else to go.
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