Bert Stedman
37:38 - 38:38
"one of the solutions that we talked about and the one that's in the bill here is a delayed effective date out to '29, tax year '29, and asking the impacted parties to submit hypothetical tax returns to the Department of Revenue so they can look through them, so they can get a good feel for, you know, what we're actually dealing with, and come back to the next legislature with cleanup language and I would expect a rate adjustment to something that would flow and be equitable to both the industry and the state and have a balance."
“one of the solutions that we talked about and the one that's in the bill here is a delayed effective date out to '29, tax year '29, and asking the impacted parties to submit hypothetical tax returns to the Department of Revenue so they can look through them, so they can get a good feel for, you know, what we're actually dealing with, and come back to the next legislature with cleanup language and I would expect a rate adjustment to something that would flow and be equitable to both the industry and the state and have a balance.”
- Speaker
- Bert Stedman
- Timestamp
- 37:38 – 38:38
- Community
- Alaska News
- Location
- Alaska
- Captured at
- July 16, 2026
From the transcript
And how to deal with it. And one of the solutions that we talked about and the one that's in the bill here is a delayed effective date out to '29, tax year '29, and asking the impacted parties to submit hypothetical tax returns to the Department of Revenue so they can look through them, so they can get a good feel for, you know, what we're actually dealing with, and come back to the next legislature with cleanup language and I would expect a rate adjustment to something that would flow and be equitable to both the industry and the state and have a balance. So that is why we have this rather— or lightly used process of hypothetical.
Related Coverage
Alaska LNG tax bill advances to floor on split conference committee votes
The Alaska Legislature's conference committee voted 2-1 in both chambers Thursday to send a revised Alaska LNG tax bill to the floor, with supporters calling it a necessary step and the lone dissenter in each chamber citing an undefined income tax exemption and a property tax revenue structure he said sets a dangerous precedent.
by Walter AlaskaNews2mo ago1 min read