Alaska lawmakers change oil and gas production tax

摘要

Alaska's Legislature approved changes in the state's oil production tax late Saturday that would end a program of the state making cash reimbursements to explorers and developers of new discoveries, legislative leaders said. "Ending the cash payments, which are unsustainable for the state, allows us to move toward a comprehensive fiscal plan for Alaska," to address revenue shortfalls and budget problems, House Speaker Bryce Edgmon said in a statement.