The currently proposed tax rate is 10.5 percent, which would put the state's overall share at about 22 percent.
JUNEAU, Alaska (AP) – An Eagle River senator says she would like to see the tax rate in the gas line bill increased to give the state a full 25 percent stake in a liquefied natural gas project.
Sen. Anna Fairclough said during a Senate Finance Committee meeting Monday that she would like to see an analysis by the Legislature’s consultants on how competitive Alaska’s tax structure is.
The committee is considering a bill aimed at advancing the mega-project and plans to take public testimony Tuesday. Under the proposal, the state’s equity stake would be determined by its royalty share and gas tax rate.
The state is mulling a stake of 20- to 25 percent. The currently proposed tax rate is 10.5 percent, which would put the state’s overall share at about 22 percent.
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