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House committee reviews change to energy impact fund deposit from gross production tax
Summary
House Finance and Tax changes would deposit $50 million biennially (about $25 million per year) from a share of the gross production tax into the energy impact grant fund; the amendment adjusts bucket allocations and timing.
Representative Craig Hedlund explained House changes to Senate Bill 2,323 in Appropriations. The amendment redirects 1 percent of the state share of the gross production tax so that $50 million per biennium (about $25 million per year) would deposit into the energy impact grant fund, which supports three designated hub cities, Hedlund said.
Hedlund said the House Finance and Tax Committee…
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