SB 21

Elizabeth Earl / KDLL

This fall, Alaskans will vote on yet another sharply divisive ballot initiative about the state’s tax structure on oil production.

Ballot measure one, commonly known as Alaska’s Fair Share, would increase taxes on oil companies that produce at least 40,000 barrels of oil per day and more than 400 million barrels total north of 68 degrees latitude—which is north of the Arctic circle. The sponsors say it’s targeting the largest producers on the North Slope and reverses some of the changes made in 2014 under Senate Bill 21, which added tax credits and aimed to draw additional exploration and investment in Alaska.