Reporting From Alaska- Bill to close $100 million Hilcorp loophole advances in Alaska Senate

Reporting From Alaska- Bill to close $100 million Hilcorp loophole advances in Alaska Senate

The Senate bill to close the loophole that enriches billionaire Jeff Hildebrand to the tune of $100 million a year or more moved out of the Senate Resources Committee Wednesday.Hildebrand is the Texas oil man who owns Hilcorp. He doesn’t have to pay the Alaska oil company corporate income tax because of the way his company is organized.Ignore the oil company propaganda about this bill. The Legislature needs to recognize that this is one small st…