
Peter Micciche
9:55 - 10:32
"Through all that history and a mix of onshore large facility Title 29 and offshore and pipeline infrastructure 4356 property taxes, no one's ever discussed— began the discussion with a 90% reduction. That's okay. Things change, and every commercial situation has very different tax economic challenges."
“Through all that history and a mix of onshore large facility Title 29 and offshore and pipeline infrastructure 4356 property taxes, no one's ever discussed— began the discussion with a 90% reduction. That's okay. Things change, and every commercial situation has very different tax economic challenges.”
We actually hold an annual Community Industry Appreciation Day in August, and our annual Soldotna Progress Day celebrates the arrival of natural gas to homes in the Central Peninsula 65 years ago. Through all that history and a mix of onshore large facility Title 29 and offshore and pipeline infrastructure 4356 property taxes, no one's ever discussed— began the discussion with a 90% reduction. That's okay. Things change, and every commercial situation has very different tax economic challenges. However, two things we ask you to consider.
Kenai Peninsula Borough Mayor Peter Micciche told the Alaska Senate Finance Committee Wednesday that the House version of the Alaska LNG tax bill provides a workable 70% property tax reduction, while the original 90% cut would have left local taxpayers subsidizing the project.

Legislative Finance Division analysis shows the alternative volumetric tax structure in Senate Bill 2001 would generate approximately $124 million annually when the full Alaska LNG project is operational, with Kenai Peninsula Borough receiving $55 million and North Slope Borough receiving $40 million based on capital expenditure weights.
