
Matt Claman
48:28 - 49:20
"I look at the southern half of my district and I think about how the southern half really dislikes the S corp provisions but likes the portions about the gas line. And I look at the northern half of my district and they like the S corp provisions but they dislike the gas line provisions."
“I look at the southern half of my district and I think about how the southern half really dislikes the S corp provisions but likes the portions about the gas line. And I look at the northern half of my district and they like the S corp provisions but they dislike the gas line provisions.”
And I have a very interesting district with the general My perspective is not— I mean, I know there's individuals, but in large measure I look at the southern half of my district and I think about how the southern half really dislikes the S corp provisions but likes the portions about the gas line. And I look at the northern half of my district and they like the S corp provisions but they dislike the gas line provisions. So I largely see my district as very sort of divided on what to do about this bill. I am continually troubled, as I've said before, that much of the discussion has been what they call the Hillcorp loophole and suggesting that in our existing tax structure here in Alaska there was some loophole created for Hillcorp when it bought the BP assets and became one of the major operators on the North Slope. But of course there was no loophole.
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.
