Alaska Senate pushes for increase in oil tax revenue, amid war-driven oil boom

By: Corinne Smith

Outlets: Alaska Beacon

Published: March 26, 2026

Words: 796

Last Updated: 4 months, 1 week ago

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The Alaska Senate approved a measure to boost state taxes on oil and gas production on Wednesday. Lawmakers tacked it on to what would have been a routine renewal of a state oil royalty agreement.

Sen. Forrest Dunbar, D-Anchorage, sponsored the amendment to House Bill 194, saying it would close a corporate income tax loophole and potentially capture more than $100 million in new state revenues each year — at a time when Alaska …

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