Alaska Governor Proposes New LNG Tax
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Alaska Governor Mike Dunleavy proposes a new tax structure for the Alaska LNG project, replacing property taxes with a volume-based tax of six cents per thousand cubic feet, increasing by one percent annually. This change aims to stimulate job growth, lower natural gas prices, and facilitate exports to Asia. However, critics argue that this could cost the state over one billion dollars annually and question the accuracy of revenue projections. The project, estimated to cost over forty-four billion dollars, has faced delays and requires a final investment decision. As discussions continue, the legislature considers support measures and demands more financial details from developers.
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