
Pete Eklund
41:24 - 42:05
"Replaces the previous component-weighted base tax, as I stated earlier, on throughput with a single tax rate on throughput of the project, applying to the entire project, escalating over time."
“Replaces the previous component-weighted base tax, as I stated earlier, on throughput with a single tax rate on throughput of the project, applying to the entire project, escalating over time.”
Section 26 was a previous Section 25, and it deals with the tax abatement and the alternative volumetric tax. Replaces the previous component-weighted base tax, as I stated earlier, on throughput with a single tax rate on throughput of the project, applying to the entire project, escalating over time. And Mr. Chairman, this is where I would have Mr. Painter kind of go over the handout you have in front of you. Mr. Painter. For the record, Alexi Painter, Legislative Finance Division, so I will refer to the handout that is up on the screen and I think in your packets for the members.
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.
