AK group proposes initiative to raise oil industry tax

ANCHORAGE, Alaska (AP) — An Alaska group has filed an application with the state for a ballot initiative asking voters to increase taxes on the oil industry, a report said.

The proposed Fair Share Act would alter the state’s 2014 oil-production tax, The Anchorage Daily News reported Monday.

The measure could bring in about $1 billion in additional production taxes, the group said.

“Alaskans should receive their fair share from the sale of our oil,” said initiative committee member Robin Brena.

The application submitted Friday comes as Republican Gov. Mike Dunleavy moves to close the $1.6 billi...