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CSHB 2001 - Oil and Gas Production Tax - Alaska Key Vote

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Title: Oil and Gas Production Tax

Vote Smart's Synopsis:

Vote to pass a bill that increases the production tax on gas and oil companies to 25 percent.

Highlights:

-Establishes a standard deduction for oil companies based on the producer's operating expenses (Sec. 50). -Allows producers to receive a tax credit equal to 30 or 40 percent of their exploration expenditures (Sec. 29).

NOTE: THIS VOTE RECONSIDERS A PREVIOUS VOTE.

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