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Alaska Lawmakers Pass New Oil Tax Bill

Friday, August 11, 2006 12:27:30 PM
By MATT VOLZ

Neil Dunn, with BP, left, talks to Alaska Governor Frank Murkowski as he explains the steps being taken to clean up a leak from an oil transit line at the Prudhoe Bay oil field on Alaska's North Slope Thursday Aug. 10,  2006.  BP, the world's second-largest oil company, began shutting down the pipelines on Monday and said it would replace 16 miles of the 22 miles of transit pipeline it operates in the Prudhoe Bay field following a leak discovered Sunday. (AP Photo/Al Grillo)JUNEAU, Alaska (AP) - The Alaska Legislature has passed the state's biggest oil and gas tax law rewrite in decades as a way to spur development of Alaska's natural gas reserves.

The bill passed in the waning hours of a special session late Thursday after an ailing elderly lawmaker flew in from Anchorage to cast the deciding vote.

If lawmakers had failed to pass the production tax bill for the third time this year, Gov. Frank Murkowski would have convened a third special session of the year beginning Friday.


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