SB5005 would have capped tax cash credits to $25 M per company per year. That alone would save $300 - $400M.

Unused monthly production tax credits used at a producers annual production tax liability true-up cost Alaska $114M in 2014. The language in SB21 is unclear  and the majors are taking advantage of the statutes ambiguity. SB5005 amendments would have prevented this practice. When /if oil prices climb $10 to $15, the loophole could cost the state upwards of  $0.5 billions dollars per year. The list goes on.... it's worth the research to study the bill, it's quite comprehensive.