
Alexi Painter
47:35 - 48:06
"So the mill rate for the other body's version I think worked out to about 2.4 mills. And so the initial amount here for Phase 2 would be about that 2.4 mills."
“So the mill rate for the other body's version I think worked out to about 2.4 mills. And so the initial amount here for Phase 2 would be about that 2.4 mills.”
Could I get some help in a rough conversion into the millage rate equivalency? Because most folks understand millage rate because they get it property tax bill every year if they need it or not. Through the Chair, Senator Steadman. So the mill rate for the other body's version I think worked out to about 2.4 mills. And so the initial amount here for Phase 2 would be about that 2.4 mills.
The Alaska Senate Finance Committee voted 7-0 Friday to advance a rewritten tax bill for the Alaska LNG project, replacing a capital-expenditure formula with fixed per-unit rates and adding termination conditions for the tax abatement that would lapse if developers miss hard deadlines.
