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SB 2001 Alaska Senate · 34th Legislature (2025-2026)

An Act relating to the taxation of certain natural gas project property and related facilities; relating to the determination of the value of taxable real and personal property for purposes of calculating local contributions for public school funding; relating to municipal property taxes; relating to the Alaska Gasline Development Corporation; relating to revenue from a North Slope natural gas project; relating to an alternative volumetric tax on natural gas throughput; relating to agreements and payments related to a natural gas project; relating to community impact grants; relating to the regulation of liquefied natural gas import facilities by the Regulatory Commission of Alaska; relating to an Alaska liquefied natural gas project mitigation fund; and providing for an effective date.

SB 2001 establishes a new tax system for a specific North Slope natural gas project in Alaska, replacing standard property taxes with an alternative volumetric tax based on gas throughput. This change adjusts how the project's value is calculated for local school funding and municipal property tax purposes, ensuring the project does not contribute to those calculations in the same way as other properties. The bill also creates a dedicated mitigation fund for communities affected by the project and sets up a regulatory framework for an Alaska liquefied natural gas import facility. Additionally, it defines the structure and dissolution conditions for the Alaska Gasline Development Corporation, which manages the project's financing and construction.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill establishes a new tax system and creates a mitigation fund, directly addressing fiscal management and revenue generation for the state and communities.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
May 2026
Committee Review
Floor Vote
Governor
Introduced May 21, 2026 Last action Jun 15, 2026
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Full legislative history

Actions timeline

Total actions
42
Key actions
0
Committee
1
May 21, 2026
Committee
(S) REFERRED TO FINANCE
upper
0 primary · 0 co-sponsors

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