Sara Chapell is circulating an oil tax reform initiative petition. More than 60 residents have signed the petition that would put the Fair Share Act on next year’s ballot.
If enacted, the act would only apply to larger North Slope fields that have produced a minimum of 40,000 barrels of oil per day on average in the last year and 400 million barrels of oil cumulatively. It would eliminate the $8 per barrel tax credit…