
Justin Ruffridge
22:03 - 22:49
"There's a phrase here: income of an Alaska liquefied natural gas project as defined in AS 3125.390 is, I guess, exempted from the provisions of this proposed new income tax. I'm wondering how we define income of an Alaska liquefied natural gas project, and would that include sales of natural gas from producers into, into the gas pipeline proposal?"
“There's a phrase here: income of an Alaska liquefied natural gas project as defined in AS 3125.390 is, I guess, exempted from the provisions of this proposed new income tax. I'm wondering how we define income of an Alaska liquefied natural gas project, and would that include sales of natural gas from producers into, into the gas pipeline proposal?”
Chair. Just a couple of questions on some of the changes that are made in this work draft. First one is found on page 27 of the red line, line 26. There's a phrase here: income of an Alaska liquefied natural gas project as defined in AS 3125.390 is, I guess, exempted from the provisions of this proposed new income tax. I'm wondering how we define income of an Alaska liquefied natural gas project, and would that include sales of natural gas from producers into, into the gas pipeline proposal?
The Alaska Legislature's conference committee voted 2-1 in both chambers Thursday to send a revised Alaska LNG tax bill to the floor, with supporters calling it a necessary step and the lone dissenter in each chamber citing an undefined income tax exemption and a property tax revenue structure he said sets a dangerous precedent.
