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Refineries tax credit could cost state $150 million

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Posted: Wednesday, April 16, 2014 12:03 am

JUNEAU — A proposed tax credit to prop up Alaska’s ailing in-state refineries that Gov. Sean Parnell and Fairbanks-area lawmakers are pushing could cost the state up to $150 million over five years.

It’s a move to rescue the state’s remaining three refineries in the wake of Flint Hills’ announced plans to close its refinery in North Pole, but the price tag and the tax credit’s scope has lawmakers, even those who support it, unhappy.

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