1:06
Nicholas Fulford
49:51 - 50:58
"the current property tax projection up until 2062 would amount to just over $23 billion of revenue, of which about a third would go to the state and about two-thirds goes to local communities along the line and affected host communities. The volumetric tax in— certainly in the original bill set at 6 cents comes to about $2.6 billion."
“the current property tax projection up until 2062 would amount to just over $23 billion of revenue, of which about a third would go to the state and about two-thirds goes to local communities along the line and affected host communities. The volumetric tax in— certainly in the original bill set at 6 cents comes to about $2.6 billion.”
- Speaker
- Nicholas Fulford
- Timestamp
- 49:51 – 50:58
- Source
- SFIN-260528-0900
- Community
- Alaska News
- Captured at
- May 28, 2026
From the transcript
Thank you, Chair Hoffman. So I know you'll be hearing a lot more about, about this from DOR and others, but just to set the scene and put a few ideas out there about the volumetric tax, the— these numbers from the DOR model, which I'm sure you'll hear much more about, the, the current property tax projection up until 2062 would amount to just over $23 billion of revenue, of which about a third would go to the state and about two-thirds goes to local communities along the line and affected host communities. The volumetric tax in— certainly in the original bill set at 6 cents comes to about $2.6 billion. Of which about 1/8 goes to the state and about 7/8 goes to local communities. So if you, if you do the maths on that, it's equivalent to about $2.25 mils compared to the $20.