Work draft ties new tax structure to Project Labor Agreements and apprenticeship commitments
Summary
The committee substitute adds conditional language making the new tax structure contingent on contractors entering Project Labor Agreements (PLAs) and including in-state apprenticeship program participation for phase 1 and binding commitments for phase 2.
The work draft amends conditional language so that a new tax structure will take effect only if contractors for phase 1 have entered into Project Labor Agreements (PLAs) and have signed binding commitments to require PLAs for phase 2. Staff said PLAs must be between contractors and appropriate labor representatives and that an in-state apprenticeship program must be part of PLAs.
Under the conditional language, the tax structure takes effect after a financial investment decision for phase 1 only if the state and applicable municipalities have at least 180 days to determine whether to exercise an equity option in the natural gas project. The language seeks to tie workforce development and apprenticeship utilization to eligibility for the alternative tax treatment.
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