Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Assembly member presses mayor on tax treatment of proposed LNG import terminals
Summary
Assembly member Dunn asked whether potential LNG import terminals would be taxed like oil and gas and supply property taxes to the borough; the mayor said import facilities are classified as Title 29 properties and warned the Glenfarn bill could give an import terminal a 90% property tax reduction, a change he called unfair competition. No vote was recorded.
Assembly member Dunn asked whether proposed LNG import terminals would be taxed at the same 20-mil oil-and-gas rate and whether such facilities would provide property taxes to the borough, prompting a cautionary reply from the mayor at the Kenai Peninsula Borough policies and procedures committee meeting.
The mayor said import terminals—citing examples such as Agrium and Marathon—are treated as Title 29 properties rather than the "43.56" classification Dunn referenced.…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
