
Dan Stickel
76:50 - 77:31
"The biggest one of these was the— that directly impacts the Department of Revenue was the implementation of the pass-through entity tax for oil and gas companies. This is a significant policy decision that's before the committee and the legislature."
“The biggest one of these was the— that directly impacts the Department of Revenue was the implementation of the pass-through entity tax for oil and gas companies. This is a significant policy decision that's before the committee and the legislature.”
Very good. Please continue. And so that set of information that we walked through so far was the version of the bill that came out of the Senate Finance Committee and was left largely the same in the version that passed, that passed out of the Senate floor. Slide 18 talks about the, the Senate floor amendments and the The biggest one of these was the— that directly impacts the Department of Revenue was the implementation of the pass-through entity tax for oil and gas companies. This is a significant policy decision that's before the committee and the legislature.
The Alaska Senate added a corporate income tax on oil and gas pass-through entities like Hilcorp to the AK LNG gas-pipeline bill (HB 381), effective 2028 regardless of the project.

State economist Dan Stickel told a legislative conference committee Friday that the Senate version of HB 381 reduces the Alaska LNG export break-even price from $9.05 to $8.62 per thousand cubic feet — still above current futures market prices near $8 — prompting Rep. Justin Ruffridge to say the project simply "doesn't work."
