Bert Stedman
108:51 - 109:39
“when you look at the, at least from what I can gather on the economics of the gas line, with their interest cost and their depreciation, there's gonna be no net income, taxable net income for 2 decades. Literally, 2 decades. So I don't know how that, I guess, will wind up into a tax conversation later on the next couple of days, but you don't pay taxes unless you have a net income.”
- Speaker
- Bert Stedman
- Timestamp
- 108:51 – 109:39
- Transcript
- Alaska Legislature: MSC2-20260626-1410
- Community
- Alaska News
- Location
- Alaska
From the transcript
In a lot of the analysis. I see the 10% pre-tax and they— but when you look at the, at least from what I can gather on the economics of the gas line, with their interest cost and their depreciation, there's gonna be no net income, taxable net income for 2 decades. Literally, 2 decades. So I don't know how that, I guess, will wind up into a tax conversation later on the next couple of days, but you don't pay taxes unless you have a net income. And the depreciation, my understanding is, could be 7 years on the gas infrastructure, but you can make it 20-year straight line and it doesn't make a difference.
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