
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."
“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.”
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.
Alaska Senate Finance Committee reviews fiscal analysis of proposed tax structure for Alaska LNG project, showing $18 billion combined revenue reduction over project life in exchange for improved global price competitiveness.
