Bill > SB280

This bill, titled the "Supporting a Gasline for Alaskans Act," introduces a new alternative volumetric tax on natural gas throughput, replacing certain property taxes for qualified properties involved in an Alaska liquefied natural gas project. It also amends existing laws to allow municipalities to exempt spur lines serving Fairbanks natural gas utilities from taxation, clarifies how municipalities calculate taxable property value by excluding property subject to the new volumetric tax, and modifies provisions related to the Alaska Gasline Development Corporation (AGDC), including its fiduciary duties, public notice requirements for meetings, procurement procedures, and powers. The bill also establishes new rules for revenue allocation from the volumetric tax, introduces a tax on the income of certain oil and gas pass-through entities, and implements an infrastructure maintenance surcharge on oil production to fund the Dalton Highway pipeline corridor. Additionally, it adjusts tax rates and payment schedules for oil and gas production, modifies rules for tax credits, and clarifies the definition of taxable property for natural gas pipeline projects and liquefied natural gas plants. The bill includes various conditional effective dates and transition provisions, particularly concerning the implementation of the volumetric tax and related provisions, which are contingent on factors like the commencement of construction, completion of project components, and specific payments received by the state.