Resolution 2020-20: Calling for the Termination of Oil Tax Credits in Alaska and the Return of a Fair Oil Tax Structure

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WHEREAS, Tanana Chiefs Conference (TCC) is an Alaska Native tribal health and social services consortium established by the Interior Alaska tribes and tribal communities, to provide a unified voice in advancing sovereign tribal governments through the promotion of physical and mental wellness, education, socioeconomic development and culture of the Interior Alaska Native; and

WHEREAS, The State of Alaska has sustained multiple budget cuts across many sectors important to our people including health care, infrastructure development, and higher education, and Governor Dunleavy has indicated he will seek further cuts to address the budget shortfalls; and

WHEREAS, The State of Alaska has been relying in greater and greater measure on the Constitutional Budget Reserve, and the Permanent Fund Reserve, to address budgetary shortfalls; and

WHEREAS, No legitimate discussion has taken place within the Alaska State Legislature around restructuring or discontinuing the current oil and gas tax credit structure; and

WHEREAS, The State of Alaska should not be cutting vital services to our communities like K-12 Education, the Power Cost Equalization program, the University of Alaska, and Medicaid, among many others; and

WHEREAS, The State of Alaska is still paying oil tax credits to major oil companies and to exploratory companies all while relying on the Permanent Fund for more of its operating revenue; and

WHEREAS, Alaska should immediately halt oil production and exploration credits so that all oil producers in all areas of the state pay an equal and fair share; and

WHEREAS, Oil companies should not be subsidized while critical programs and Permanent Fund Dividends are being cut.

NOW THEREFORE BE IT RESOLVED that the Tanana Chiefs Conference Full Board of Directors calls for the termination of all oil tax credits in the State of Alaska; and

BE IT FURTHER RESOLVED that the TCC Full Board of Directors supports legislation that seeks to establish a fair oil and gas taxation structure that preserves vital state programs and infrastructure, and the PFD for the future of all Alaskan people.

Submitted by: Arctic Village Council


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