House passes bill, but…

By Rod Boyce, Fairbanks Daily News-Miner
Published 4:02 pm, November 16, 2007
Archived under Info Pipe, Info Pipe

From R.A. Dillon in Juneau, for us:

The House just passed the oil tax bill by a vote of 26 to 13. Now they need a two-thirds vote, or 27 yeas, to pass the effective dates. That’s important because several provisions become effective retroactively, which substantially increase the price tag of the bill on the industry.

It failed to pass the House.

Things are starting to get interesting again.

Without an effective date, the bill takes effect 90 days after passage.

Leave a Reply