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“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”
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From the transcript

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.

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