0:43
Speaker C
86:46 - 87:30
"In this version, 93% of the alternate volumetric tax in the North Slope Borough on the gas treatment plant carbon capture facility, and 93% of the alternate volumetric tax in the Kenai Peninsula Borough on the LNG export plant goes to that community, as it should, with the 7% balance going back to the state."
“In this version, 93% of the alternate volumetric tax in the North Slope Borough on the gas treatment plant carbon capture facility, and 93% of the alternate volumetric tax in the Kenai Peninsula Borough on the LNG export plant goes to that community, as it should, with the 7% balance going back to the state.”
- Speaker
- Speaker C
- Timestamp
- 86:46 – 87:30
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 12, 2026
From the transcript
So the bigger the investment, the bigger the share. In this version, 93% of the alternate volumetric tax in the North Slope Borough on the gas treatment plant carbon capture facility, and 93% of the alternate volumetric tax in the Kenai Peninsula Borough on the LNG export plant goes to that community, as it should, with the 7% balance going back to the state. There is built-in accountability, Mr. Speaker. This plan, this alternate tax structure goes away if the project has not started by 2032. The whole volumetric tax framework simply does not exist anymore, and the standard property tax rate comes right back.