
Matt Kissinger
44:07 - 44:37
"And you see that aside from capital cost, the property tax is the largest single impact on this project."
“And you see that aside from capital cost, the property tax is the largest single impact on this project.”
And this is all online on the AGDC website. And what they said was, yeah, you are— you are now competitive. And there are several levers that really stand out. And again, they pointed to property tax, which You can see on this slide there is the wood max slides out front with this what we call a tornado chart showing you upward and downward sensitivities. And you see that aside from capital cost, the property tax is the largest single impact on this project.
Alaska Gasline Development Corporation testified to the House Finance Committee that Alaska's property tax structure would impose costs roughly 10 times higher than competing LNG projects, with potential annual taxes exceeding $800 million compared to $50 million at the next-highest jurisdiction. AGDC officials said property tax restructuring has been identified as a critical economic lever since 2020, though they acknowledged waiting until late March 2026 to bring legislation forward was a timing mistake.
