An Act relating to the taxation of certain natural gas project property and related facilities; relating to local contributions for public school funding; relating to municipal property taxes; relating to the Alaska Gasline Development Corporation and funds of the Alaska Gasline Development Corporation; relating to reporting requirements for natural gas pipeline projects; creating the Alaska affordable heating fuel fund; relating to approval of contracts by the Regulatory Commission of Alaska...

Summary

The bill exempts major natural‑gas‑pipeline components owned or financed by the Alaska Gasline Development Corporation from state and municipal property taxes until they begin commercial operation. After a temporary abatement period, it imposes an alternative volumetric tax on gas throughput, with revenue split between the state and affected municipalities. It also sets reporting, appeal, and sunset rules for the new tax regime.

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