From the transcript

Thank you to the Finance Committee for addressing that language. I want to talk about the AVT structure, Alternate Volumetric Taxation. I think one of the questions before us today is, are we better off with a property tax structure, this the status quo today, or are we better with an alternate volumetric taxation? In which revenue is distributed both to the state and to impacted communities. I would argue that an alternate volumetric taxation structure is fundamentally more pro-growth, fundamentally more fair to local governments, and fundamentally more fair to all residents of the state who benefit from state-funded public services.