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Governor Parnell’s Bill to Increase Oil Production Advances

February 27, 2013, Juneau, Alaska – Governor Sean Parnell today released the following statement after the Senate Resources Committee passed Senate Bill 21, Governor Parnell’s legislation to spur new oil production and attract investment.

“I applaud the committee for their commitment to focus tax changes on new production for Alaskans,” Governor Parnell said. “The committee’s focus on creating a predictable tax system that encourages investment and new production is one that all Alaskans will benefit from. We will continue to assess their changes and look forward to evaluating the balance it strikes in the Senate Finance Committee.”

Senate Bill 21 now heads to the Senate Finance Committee where hearings will begin Thursday.

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