The Alaska House of Representatives voted Thursday night for a massive rollback of the oil profits tax that the lawmakers put in place four years ago.
The vote, after about three hours of debate wound down after 8:30 p.m., was 22 to 16.
The House vote was an attempt to torpedo one of the biggest legacies of Gov. Sarah Palin's time as governor. Gov. Sean Parnell supported the oil tax when he was her lieutenant governor but is now leading the effort to weaken it, saying he's since become convinced that it hurts oil company investment......
Read the full story here.