Here’s where the major bills stand in the Alaska Legislature right now

Tuesday, 27 June 2017, 03:19:40 PM. Wondering about the status of Alaska's operating budget and the proposed income tax? Or the legislation to restructure the Permanent Fund? Here's a quick walk-through.
Here's an overview of the status of each of the key bills still pending in the Alaska Legislature this year. Operating budget Passed both the House and Senate, but the two chambers haven't resolved all the differences between their different versions. Key disputes are over the Senate's 5.7 percent cut to schools and a similar reduction in the university budget, as well as a House plan to pay a Permanent Fund dividend of $1,150 and a Senate plan to pay $1,000. Capital budget Passed both the House and Senate, but like the operating budget, it's still in limbo because each chamber has approved a different version. Legislative leaders had suggested they were close to a deal on the capital budget, but then the House, in a surprise move, approved an amendment Wednesday to double Permanent Fund dividends, driving the two sides further apart. [What the heck is going on down there?! From our reporter in Juneau, here's a Q&A on the Alaska Legislature and the looming shutdown] Permanent Fund legislation — Senate Bill 26 The bill to formally restructure the Permanent Fund and use its investment earnings for government services — a central piece of both the House and Senate fiscal plans — passed both chambers, but it now appears to be dead. Both chambers are nonetheless planning to use more than $1.5 billion in the fund's investment earnings for the state's annual operating budget to help fill the $2.5 billion deficit. Oil and gas taxes — House Bill 111 A bill to eliminate cash tax credit...Read more
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