Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lawmakers hear multi-hour briefing on HB381 — 15¢ AVT, municipal options and community impact funding for AKLNG debated
Summary
House staff, administration and developers briefed the committee on CSHB 381, which would create a 15¢ per 1,000-cubic-foot alternative volumetric tax (AVT), allow municipalities to negotiate mill rates or equity stakes, and include conditional allocations to an Alaska education fund and community impact payments; committee members requested modeling, comparative studies, and revenue-flow visuals.
The House Finance Committee received an extended presentation and question-and-answer session on House Bill 381 (CSHB 381) on May 8, a resources committee substitute that lays out tax and revenue treatment for a proposed Alaska LNG (AKLNG) pipeline and facilities.
Calvin Zullo, staff to the House Resources Committee, walked members through version T of the substitute. He said the bill contains legislative intent language to advance the AKLNG project, exempts certain project revenues from local education contribution calculations, allows municipalities hosting parts of the project to apply local property tax or accept an equity stake in lieu of taxes, establishes a 15¢ per 1,000 cubic-foot alternative volumetric tax (AVT) on pipeline throughput (adjusted for inflation after the first year), and includes multiple sunset and…
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
