The Latest: Committee advances corrected credits bill

    Alaska legislators trying to get as much work done as possible before many will be forced out of their hotel rooms

    JUNEAU, Alaska (AP) — The Latest on the Alaska Legislature meeting in special session (all times local):

    2:30 p.m.

    House and Senate negotiators have again advanced an oil and gas tax rewrite after a drafting snafu earlier in the day.

    The conference committee moved a version of the bill Monday morning. But it met briefly in the afternoon to report out a corrected version after the mistake was discovered.

    The bill could be considered by the full House and Senate later Monday.

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    11:38 a.m.

    Alaska legislators are trying to get as much work done as they can before many of them will be booted from their hotel rooms as a major Alaska Native gathering in Juneau coincides with the special session.

    Lawmakers have been bounced around a bit since failing to complete their work in April, within the voter-approved 90-day session limit. Starting in early May, they were displaced from the Capitol for long-planned renovation work and have been shuttling between a downtown office building, where they have offices and hold meetings, and nearby legislative buildings where they hold floor sessions.

    Legislators are considering a break of several days, depending on how much work might remain after Tuesday, during the gathering known as Celebration, which begins Wednesday.

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    11 a.m.

    House and Senate negotiators have advanced a compromise oil and gas tax credit bill that focuses on Cook Inlet and more closely resembles a version of the bill the House previously balked at.

    Tax credits have been a major stumbling block for legislators. A failure to reach agreement helped send lawmakers into extended and special sessions.

    The version that advanced from a conference committee Monday is based on the Senate version of the bill. It would phase out Cook Inlet credits and begin taxing oil produced from Cook Inlet.

    It doesn't go as far as the House in addressing the North Slope.

    Both the House and Senate planned floor sessions later Monday and could vote on the bill.

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