
Dan Stickel
94:59 - 95:44
"the version T is a much smaller tax cut, and then that final bullet point is kind of the One of the cruxes of that is that we have carved out two of the major components and left significant benefits with the North Slope Borough and the Kenai Peninsula Borough"
“the version T is a much smaller tax cut, and then that final bullet point is kind of the One of the cruxes of that is that we have carved out two of the major components and left significant benefits with the North Slope Borough and the Kenai Peninsula Borough”
And obviously the whole point of this process is to make the project more attractive to investors so we could have a project. So I just want to put that on the record, and then you can agree if you're not, but I'm sure you do because it's your conclusion through the chair. Yeah, Representative Stapp, through the chair. So the version T is a much smaller tax cut, and then that final bullet point is kind of the One of the cruxes of that is that we have carved out two of the major components and left significant benefits with the North Slope Borough and the Kenai Peninsula Borough and basically allowed them under this version of the bill the authority to negotiate what to do with those components.
The Alaska LNG project would struggle to compete in global markets even under the governor's proposed tax relief, with breakeven prices at the high end of current futures markets, according to state modeling presented to the House Finance Committee on Thursday.

The Alaska House Finance Committee heard Thursday that the governor's version of HB 381 would reduce municipal property tax revenue from the Alaska LNG project by over $13 billion compared to current law, while the House Resources version would actually increase municipal revenue by retaining property tax on the gas treatment plant and LNG facility.
