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Senators Bert Stedman and Gary Stevens have stated publically that they did not have time to review SB 49, the Governor’s oil tax reform bill. Here is a combined timeline of the Senate and House of time spent moving of the Governor’s oil tax reform bill.
Sen. Stedman announced on January 19th that he was waiting Legislative Budget and Audit for studies. Rep. Hawker was clear about the deliverables of the product in a recent press release:
“Legislative Budget and Audit Committee Chair Rep. Mike Hawker, R-Anchorage, today commissioned to deliver answers in the debate on amending the state's oil production tax, but will help educate policy makers on international competitiveness.
To suggest the Legislature must hold off action on these critical, time-sensitive amendments to the state's oil tax system is a misrepresentation of the substance of these two products. ~ Rep. Mike Hawker
LB&A has not commissioned an analysis of Alaska's regime, but has purchased two commercially available products analyzing global fiscal regimes. Some legislators have said they must wait for two studies in order to evaluate Alaska's oil tax system and proposed changes.
In fact, legislators have had access under confidentiality agreements to one of the products since mid-March. "I am concerned that public expectations are being unrealistically raised about the pertinence of these two purchases to the current debate on Alaska's oil tax regime. These are not studies or analyses specifically commissioned by the Alaska Legislature, nor are they expected to deliver recommendations on Alaska's fiscal system.”