Mike Cronk
47:28 - 47:55
"the language is incomplete, untested, and poorly drafted. This proposal is incomplete and leaves major questions unanswered regarding entry-level treatment, apportionment, deductions, depreciation, loss carryforward, or as an investor taxation. Tax professionals from impacted parties agree the language is unworkable and would have chilling effects on the project's economics and the ability to attract investors."
“the language is incomplete, untested, and poorly drafted. This proposal is incomplete and leaves major questions unanswered regarding entry-level treatment, apportionment, deductions, depreciation, loss carryforward, or as an investor taxation. Tax professionals from impacted parties agree the language is unworkable and would have chilling effects on the project's economics and the ability to attract investors.”
- Speaker
- Mike Cronk
- Timestamp
- 47:28 – 47:55
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 19, 2026
From the transcript
With permission, I would like to read some. Without objection, so ordered, Senator Cronkite. Some of our concerns with this, the language is incomplete, untested, and poorly drafted. This proposal is incomplete and leaves major questions unanswered regarding entry-level treatment, apportionment, deductions, depreciation, loss carryforward, or as an investor taxation. Tax professionals from impacted parties agree the language is unworkable and would have chilling effects on the project's economics and the ability to attract investors.
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