Alexi Painter
34:35 - 35:22
“it creates Chapter 59 in Title 43. And so the next few slides will use references within Section 18 because that's a very substantive section. So the new Chapter 4359.010 provides a tax abatement, so no taxes at all until the earlier of 500 MCF of daily average throughput for a 30-day period or 5 years after the commencement of commercial operations.”
- Speaker
- Alexi Painter
- Timestamp
- 34:35 – 35:22
- Community
- Alaska News
- Location
- Kenai Peninsula
- Captured at
From the transcript
So it creates Chapter 59 in Title 43. And so the next few slides will use references within Section 18 because that's a very substantive section. So the new Chapter 4359.010 provides a tax abatement, so no taxes at all until the earlier of 500 MCF of daily average throughput for a 30-day period or 5 years after the commencement of commercial operations. So there's no tax at all until one of those two things is triggered and then it switches to the AVT. And this only applies— so the abatement itself only applies if the project's plans include a spur line that serves the city of Fairbanks and Fairbanks North Slope Borough as determined by DOR.
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