A proposed income tax proved a nonstarter in the Legislature, failing to reach a floor vote in either chamber. Bills calling for tax hikes on an array of industries also never made it to either floor. 247, reforming Alaska’s oil and gas tax credit system, passed but has a dramatically smaller impact on the state’s bottom line that Walker suggested; the bill that is now on the governor’s desk also does not increase oil production taxes from 4 percent to 5 percent as Walker’s plan would..
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