Juneau — Alaska House Speaker Mike Chenault, who represents the Cook Inlet area, has introduced a bill to the Alaska House of Representatives that would allow a tax credit to ammonia and urea producers. The tax credit would be equal to the royalty paid by that manufacturer’s gas suppliers on their state leases, according to the Peninsula Clarion. Agrium Inc. is currently weighing whether to return part of its Kenai nitrogen complex to production. An Agrium spokesman said the bill would be a factor in a final decision on whether to reopen the plant. A move to give Agrium some $50 million in incentives to revive the plant was pulled from a bill last year (GM April 28, 2014).
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