0:41
Justin Ruffridge
31:46 - 32:28
"there's a lot of work that still needs to be done in this bill. We got far apace from, uh, I think the initial intent of the legislation, which was to offer a tax relief for a large infrastructure liquid natural gas project."
“there's a lot of work that still needs to be done in this bill. We got far apace from, uh, I think the initial intent of the legislation, which was to offer a tax relief for a large infrastructure liquid natural gas project.”
- Speaker
- Justin Ruffridge
- Timestamp
- 31:46 – 32:28
- Community
- Alaska News
- Location
- Alaska
From the transcript
Mr. Speaker, there's a lot of work that still needs to be done in this bill. We got far apace from, uh, I think the initial intent of the legislation, which was to offer a tax relief for a large infrastructure liquid natural gas project. And some of the areas of the bill that I certainly have concerns with are Section 2, which deals with required local contribution, the aforementioned income tax on certain entities. We're not even certain which entities those are. As we heard in conference committee this morning, it's actually a large unknown what Section 24 of this bill does.