Presentation at Law Seminars International Conference on OIL & GAS PRODUCTION AND MINERAL MINING IN ALASKA (Sept 26-27, 2013)

1. SB 21 (More Alaska
Production Act)
Oil & Gas Production and Mineral Mining in Alaska
September 26 – 27, 2013
Brad Keithley
President, Keithley Consulting, LLC

2. Background
• Lead
up to SB21
• Principles
• Key
behind the governor's proposal
elements
• Legislative
• But
…
outcome

3. Lead up to SB 21: Previous tax
policy uncompetitive

4. Lead up to SB 21: Reduced
investment

5. Principles behind the
Governor’s Proposal

6. Key elements

7. Legislative outcome: Reduced
tax rates

8. Legislative outcome: Increased
competitiveness

9. Legislative outcome: Increased
production and return

10. Legislative outcome: Increased
production and return

11. But …
Article 11 of the Alaska
Constitution
• Section 1: The people
may … approve or
reject acts of the
legislature by
referendum
• Section 7: An act
rejected by referendum
is void thirty days
after certification.
Referendum election set
for August 14, 2014