An Act relating to the taxation of certain natural gas pipeline property; relating to municipal taxation limitations; establishing an alternative volumetric tax on natural gas throughput; relating to the allocation of revenue from the alternative volumetric tax; and providing for an effective date.
What changed between versions
Added provisions regulating liquefied natural gas (LNG) import facilities and utility rates approved by the Regulatory Commission of Alaska.
Established a new income tax on entities producing or transporting oil or gas in the state.
Created an infrastructure maintenance surcharge on oil and a new Dalton Highway pipeline corridor maintenance fund.
Established a new Alaska Gasline Community Impact Fund.
Changed the reference for 'qualified property' from AS 43.56.027 to AS 43.59.100, indicating a shift in the legal definition of taxable assets.
Added a new requirement that the Alaska Gasline Development Corporation must provide at least 10 working days' public notice for board meetings, with exceptions for exigent circumstances.
Modified municipal tax exemption rules to explicitly exclude property subject to the alternative volumetric tax from municipal tax calculations.
Removed the original introduction date of 3/20/26 and replaced it with an offered date of 5/18/26.
Changed the bill title from 'SB 280' to 'CSSB 280(RES)' and moved the bill from the Senate Rules Committee to the Senate Resources Committee.