0:35
Will Stapp
45:48 - 46:24
"Obviously, kind of begs the question, if you have 3 studies identifying that property taxes were a big issue in the project, the bill to restructure property taxes in Alaska in the project didn't come before the legislature, I want to say, until nearly the end of March. So obviously here we are in special session given the time constraints. And I'm just curious if you guys knew about this for so long, why wasn't at least a skeleton structure presented for us last year or year before or year before that?"
“Obviously, kind of begs the question, if you have 3 studies identifying that property taxes were a big issue in the project, the bill to restructure property taxes in Alaska in the project didn't come before the legislature, I want to say, until nearly the end of March. So obviously here we are in special session given the time constraints. And I'm just curious if you guys knew about this for so long, why wasn't at least a skeleton structure presented for us last year or year before or year before that?”
- Speaker
- Will Stapp
- Timestamp
- 45:48 – 46:24
- Source
- HFIN-260527-1330
- Community
- Alaska News
- Location
- Alaska
- Captured at
- May 27, 2026
From the transcript
Through the Chair, to folks at AGDC, Mr. Richards, etc. Obviously, kind of begs the question, if you have 3 studies identifying that property taxes were a big issue in the project, the bill to restructure property taxes in Alaska in the project didn't come before the legislature, I want to say, until nearly the end of March. So obviously here we are in special session given the time constraints. And I'm just curious if you guys knew about this for so long, why wasn't at least a skeleton structure presented for us last year or year before or year before that? Through the chair.
Related Coverage
AGDC tells House Finance that Alaska property tax is 10 times higher than competing LNG projects
Alaska Gasline Development Corporation testified to the House Finance Committee that Alaska's property tax structure would impose costs roughly 10 times higher than competing LNG projects, with potential annual taxes exceeding $800 million compared to $50 million at the next-highest jurisdiction. AGDC officials said property tax restructuring has been identified as a critical economic lever since 2020, though they acknowledged waiting until late March 2026 to bring legislation forward was a timing mistake.
by Bill AlaskaNews1mo ago3 min readAIAlaska
