6 Native corporations to fight oil tax referendum

May 29, 2014 -- 11:00am
- ANCHORAGE, Alaska (AP) - Six Alaska Native corporations have pledged at least $500,000 to fight efforts to repeal the state's new oil tax structure. The coalition, "No One on One," is joining other business-supported organizations in opposing the referendum, scheduled for the August primary ballot. Another group, the oil-industry backed "Vote No on One," has reported raising at least $9.5 million so far. The Anchorage Daily News reports some of the Native corporations have substantial oil-field business. Representatives of all six corporations say the tax cut is promoting job growth and oil industry investment. The president of the Alaska Federation of Natives says that group doesn't plan to take sides in the oil tax debate. A spokesman for Juneau-based Sealaska Corp. said it won't join the coalition.

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