Alaska HB381 modifies tax laws for oil and gas properties, municipal taxes, and the Alaska Gas Development Corporation.

Alaska HB381 amends tax laws to exempt certain natural gas pipeline properties from state and municipal taxes during a ramp-up period. It establishes an alternative volumetric tax on natural gas throughput for qualified properties, replacing other taxes. The bill defines "qualified property" as an Alaska liquefied natural gas project and related facilities. The volumetric tax rate is $0.06 per 1,000 cubic feet, increasing annually. The tax applies to properties owned or financed by the Alaska Gas Development Corporation or affiliated entities.

Alaska HB381 modifies tax laws for oil and gas properties, municipal taxes, and the Alaska Gas Development Corporation.

Alaska HB381 amends tax laws to exempt certain natural gas pipeline properties from state and municipal taxes during a ramp-up period. It establishes an alternative volumetric tax on natural gas throughput for qualified properties, replacing other taxes. The bill defines "qualified property" as an Alaska liquefied natural gas project and related facilities. The volumetric tax rate is $0.06 per 1,000 cubic feet, increasing annually. The tax applies to properties owned or financed by the Alaska Gas Development Corporation or affiliated entities.