
Alexi Painter
47:26 - 48:01
"the total AVT collection projected by DOR in that year is $124 million. The state would receive $15 million of that on behalf of the unorganized borough. The municipalities would receive $109 million of that. Most of that is going to the Kenai Peninsula Borough, $55 million, and the North Slope Borough, $40 million"
“the total AVT collection projected by DOR in that year is $124 million. The state would receive $15 million of that on behalf of the unorganized borough. The municipalities would receive $109 million of that. Most of that is going to the Kenai Peninsula Borough, $55 million, and the North Slope Borough, $40 million”
And you can see the— their projection that the total AVT— we'll use FY 2034 as an example because that's when you have the full project online for the full year. So the total AVT collection projected by DOR in that year is $124 million. The state would receive $15 million of that on behalf of the unorganized borough. The municipalities would receive $109 million of that. Most of that is going to the Kenai Peninsula Borough, $55 million, and the North Slope Borough, $40 million, because they have the most expensive amounts of the projects.
Kenai Peninsula Borough Mayor Peter Micciche told the Alaska Senate Finance Committee Wednesday that the House version of the Alaska LNG tax bill provides a workable 70% property tax reduction, while the original 90% cut would have left local taxpayers subsidizing the project.

Legislative Finance Division analysis shows the alternative volumetric tax structure in Senate Bill 2001 would generate approximately $124 million annually when the full Alaska LNG project is operational, with Kenai Peninsula Borough receiving $55 million and North Slope Borough receiving $40 million based on capital expenditure weights.
