On 11th of May 2018, Alaska’s Senate passed the House Bill 331 in final round of legislative process; this bill enables the payment of outstanding tax credits and the credits that are anticipated in the future to be made, which all natural gas and oil production companies operating in Alaska are entitled to.
It finances up to a total of 1 billion dollars in payments by issuing bonds. The first shares are expected to be issued as early as this summer and the first refunds are expected to be issued this year. The payment of tax credit claims is expected to take place within the next 6 to 9 months. The legislative bill is now ready to be approved and signed by the governor of Alaska.