House and Senate leaders were to have met Thursday afternoon to try and resolve disagreements on an adjournment package. House Majority Leader Chris Tuck, D-Anch., told us that if a deal is reached legislators will head back to Juneau Monday, July 10, to vote on the deal. If there’s no deal, just a few leaders will go down for another “technical” session.
The hangup seems to be the oil and gas tax bill, HB 111. Both bodies agree the state tax credit cash payments should end but the remaining disagreement seems to be over how tax deductions on future production tax liability are structured. The House wants one structure and the Senate wants another. We explain in our next Legislative Digest (private subscription).