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AK Keeps Oil Companies’ Tax System

“The referendum, Ballot Measure 1, drew millions of dollars in contributions from oil companies and raised political passions across the state. Former Gov.

Big Oil Appears to Win Tax Fight in AK

Opponents of the tax scheme adopted last year, which the ballot measure would have repealed, characterized it as a giveaway to Big Oil that could cost the state $1 billion per year in state tax revenue