Dunleavy Administration Responds to Supreme Court Ruling on Oil and Gas Tax Credit Bonds September 4, 2020 (Anchorage) - Today the Alaska Supreme Court, in Forrer v. State of Alaska, struck down legislation enacted under the previous Walker administration in 2018 that authorized the issuance of “subject-to-appropriation” bonds to pay outstanding cashable oil and gas tax credits.  According to the Department of Revenue, there is $743 million in outstanding tax credits that were eligible to participate in the tax credit bonding program. The tax credit program ended in 2017. With the collapse of [...]