An Act relating to the taxation of certain natural gas project property and related facilities; relating to local contributions for public school funding; relating to municipal property taxes; relating to the Alaska Gasline Development Corporation and funds of the Alaska Gasline Development Corporation; relating to reporting requirements for natural gas pipeline projects; creating the Alaska affordable heating fuel fund; relating to approval of contracts by the Regulatory Commission of Alaska and inflation adjustment of the maximum price of natural gas; establishing an income tax on certain entities producing or transporting oil or gas in the state; relating to an alternative volumetric tax on natural gas throughput; relating to a municipal impact grant program and fund; relating to agreements and a payment related to a natural gas project; and providing for an effective date.
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes a new tax system for natural gas pipeline property in Alaska, aiming to support a major natural gas project and ensure benefits for the state and affected communities. It establishes an alternative volumetric tax on natural gas throughput, shifting away from traditional property taxes. Revenue from this tax will be allocated to various areas, including the Alaska permanent fund and municipalities, and will exempt certain pipeline property from state and municipal taxes. The bill also addresses municipal taxation limitations and includes provisions for equity ownership agreements between municipalities and natural gas project developers.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
House Rules by Request of the Governor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours