
Peter Micciche
16:55 - 17:12
"At the 12 cents plus the community impact fund in the House version, the project will be paying in the low to mid-30% range of all other Nikiski taxpayers. Approximately a 70% reduction. That's okay. 90% Was too much. 70 Is in the ballpark."
“At the 12 cents plus the community impact fund in the House version, the project will be paying in the low to mid-30% range of all other Nikiski taxpayers. Approximately a 70% reduction. That's okay. 90% Was too much. 70 Is in the ballpark.”
At the 12 cents plus the community impact fund in the House version, the project will be paying in the low to mid-30% range of all other Nikiski taxpayers. Approximately a 70% reduction. That's okay. 90% Was too much. 70 Is in the ballpark.
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.
