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House Resources Committee Scott Jepsen VP External Affairs and Transportation Paul Rusch VP Finance ConocoPhillips Alaska February 24 2017 HB 111 Significant Change in the Cost of Business Minimum tax rate increase 4 to 5 is a 25 tax increase Per barrel tax credit reduction Fundamentally changes tax rates Tax doubles at certain prices Interest change punitive State largely controls the pace of audits Migrating tax credit change Creates a monthly tax Inconsistent with an annual tax...

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