Frank Richards
75:20 - 76:10
"what I heard from Mr. Prestige yesterday is that, you know, they support paying the alternate volumetric tax again as it becomes responsibility of theirs to be able to do that. The real reason around this bill and the structure is around the cost of that payment in lieu of tax, I'll call it. But it's an alternative volumetric tax because the existing rates were so high."
“what I heard from Mr. Prestige yesterday is that, you know, they support paying the alternate volumetric tax again as it becomes responsibility of theirs to be able to do that. The real reason around this bill and the structure is around the cost of that payment in lieu of tax, I'll call it. But it's an alternative volumetric tax because the existing rates were so high.”
- Speaker
- Frank Richards
- Timestamp
- 75:20 – 76:10
- Community
- Alaska News
- Location
- Alaska
- Captured at
- June 4, 2026
From the transcript
There was a threshold that gas had to reach a certain volume throughput to be able to start the trigger of that AVT or alternative volumetric tax payment to the state and to the communities. We just need to see again where that is. I think what I heard from Mr. Prestige yesterday is that, you know, they support paying the alternate volumetric tax again as it becomes responsibility of theirs to be able to do that. The real reason around this bill and the structure is around the cost of that payment in lieu of tax, I'll call it. But it's an alternative volumetric tax because the existing rates were so high.
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