Skip to main content
0:55

Dan Stickel

31:00 - 31:55

“under current tax law, with our existing property tax and our baseline assumptions, state revenue from the project, including Both upstream and midstream components would be just shy of 30, 30 billion dollars over life of project and a little over 17 billion dollars to municipalities.”
Community
Alaska News
Captured at

From the transcript

So costs will have to be paid out costs and debt service will have to be paid out of these cash flows. But we do show total cash flow to each of the five entities over 10, 20 and 30 years of full export production. And so you see under, under current tax law, with our existing property tax and our baseline assumptions, state revenue from the project, including Both upstream and midstream components would be just shy of 30, 30 billion dollars over life of project and a little over 17 billion dollars to municipalities. And those are the two key, those are the two key metrics that we're changing by adjusting the property tax are those state and municipal revenues. And then on the bottom here we have two separate tables for cost of supply.

Related Coverage

Senate Finance hears $18 billion revenue trade-off for Alaska LNG tax break

Senate Finance heard the proposed Alaska LNG tax break would cut state and municipal revenues by $18 billion over 30 years, but the estimate rests on construction costs that may range from $45 billion to $90 billion.

Cover image for article: Senate Finance hears $18 billion revenue trade-off for Alaska LNG tax break