1:10
Nicholas Fulford
30:09 - 31:20
"the optionality that would follow from S corp status and, and not having an obligation to pay corporate income tax in Alaska. Obviously that provides value to a potential investor"
“the optionality that would follow from S corp status and, and not having an obligation to pay corporate income tax in Alaska. Obviously that provides value to a potential investor”
- Speaker
- Nicholas Fulford
- Timestamp
- 30:09 – 31:20
- Source
- SFIN-20260527-1330
- Community
- Alaska News
- Location
- Alaska
- Captured at
- May 27, 2026
From the transcript
Obviously, tax treatment for S corps is quite complex in the sense that notionally at least, tax is payable at a federal level on dividends. Now, the optionality that would follow from S corp status and, and not having an obligation to pay corporate income tax in Alaska. Obviously that provides value to a potential investor, and it's one of the things which, um, I imagine the legislature will look at fairly carefully in terms of the investors in the LNG project, given the tax rate, tax amounts potentially collectible. Senator Steadman, just for those watching at home, you know, when we're looking at this, we— if the gas is sold at the wellhead or at the edge of the field, they're going to pay the upstream producers. The oil companies are going to pay the corporate income tax, royalties, severance tax, and Oh, the fourth one.
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