HB 247 is very bad! Don't kill the goose that lays the golden eggs! If someone changes and increases the property taxes every year would you buy real estate there? No! 
in 2013 I gave testimony with Ray Metcalf and other great Alaskans but Alaska had its chance with the 77/7 plan but big oil owned the leadership and we lost!  We lost on SB 21, but it is working but not as good as the 77/7 plan!
The smaller guys are being crushed with HB 247! Do not end all with this foolish law!
Now oil prices are down 70% and I can't find anyone that will come to Alaska and drill, if HB 247 is made law!