Frank Richards
76:10 - 76:43
"when the legislature created agdc, they also gave an exemption to any project that AGDC was working on that there would be no property taxes during construction. So what you hear from the developer is they're willing to pay a property tax, an alternative volumetric tax during construction."
“when the legislature created agdc, they also gave an exemption to any project that AGDC was working on that there would be no property taxes during construction. So what you hear from the developer is they're willing to pay a property tax, an alternative volumetric tax during construction.”
- Speaker
- Frank Richards
- Timestamp
- 76:10 – 76:43
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 4, 2026
From the transcript
Now, please remember when the legislature created agdc, they also gave an exemption to any project that AGDC was working on that there would be no property taxes during construction. So what you hear from the developer is they're willing to pay a property tax, an alternative volumetric tax during construction. Even so, they've made some concessions to be able to address what the needs are going to be in the communities in the state of Alaska during that construction period. Thank you, Mr. Richards. Senator Stedman thank you, Mr. Chairman.
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