
James Kaufman
52:16 - 53:15
"instead of the bill that we should have been working on, I believe, to deal with the tax treatment to enable the lifeblood of energy in Alaska for its citizens and the potential for monetizing that and really changing the game fiscally for the state became instead a bit of an attack on the ongoing situation that we have, which if we want to try and resolve our tax structure broadly with respect to the S corp, that's a worthy issue. Do it separately."
“instead of the bill that we should have been working on, I believe, to deal with the tax treatment to enable the lifeblood of energy in Alaska for its citizens and the potential for monetizing that and really changing the game fiscally for the state became instead a bit of an attack on the ongoing situation that we have, which if we want to try and resolve our tax structure broadly with respect to the S corp, that's a worthy issue. Do it separately.”
I'm sorry, Senator Kaufman. Thank you, Mr. President. I appreciate the the comments from the senator next to me with regards to the negative way of calling a very productive company's presence here a loophole, as if it's somehow to be discredited. And instead of the bill that we should have been working on, I believe, to deal with the tax treatment to enable the lifeblood of energy in Alaska for its citizens and the potential for monetizing that and really changing the game fiscally for the state became instead a bit of an attack on the ongoing situation that we have, which if we want to try and resolve our tax structure broadly with respect to the S corp, that's a worthy issue. Do it separately.
The Alaska State Senate passed the conference committee substitute for House Bill 381 on a split 11-8 vote Thursday, advancing legislation that reshapes oil and gas property taxes and governs the Alaska Gasline Development Corporation, but senators who voted no said the S corporation tax provision needs to be fixed before the bill can do what it promises.
