2026-05-08                     House Journal                      Page 2456
HB 381                                                                                                                        
The Resources Committee considered:                                                                                             
                                                                                                                                
    HOUSE BILL NO. 381                                                                                                          
    "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."                                                                                           
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 381(RES)                                                                                              
    "An Act relating to the taxation of certain natural gas project                                                             
    property and related facilities; relating to local contributions for                                                        
    public school funding; relating to municipal property taxes and                                                             
    equity ownership agreements; relating to revenue from a North                                                               
    Slope natural gas project; relating to revenue received from the                                                            
    state's royalty gas; relating to an alternative volumetric tax on                                                           
    natural gas throughput; relating to agreements related to a natural                                                         
    gas project and a designated community impact fund; and                                                                     
    providing for an effective date."                                                                                           
                                                                                                                                

2026-05-08                     House Journal                      Page 2457
The report was signed by Representatives Dibert and Frier, Co-chairs,                                                           
with the following individual recommendations:                                                                                  
                                                                                                                                
Do pass (2):  Fields, Dibert                                                                                                    
                                                                                                                                
Do not pass (1):  Mears                                                                                                         
                                                                                                                                
No recommendation (3):  Hall, Elam, Prax                                                                                        
                                                                                                                                
Amend (3):  Coulombe, Saddler, Frier                                                                                            
                                                                                                                                
The following fiscal note(s) apply to CSHB 381(RES):                                                                            
                                                                                                                                
1. Zero, Dept. of Commerce, Community, & Economic                                                                               
 Development                                                                                                                    
2. Fiscal, Dept. of Revenue                                                                                                     
                                                                                                                                
HB 381 was referred to the Finance Committee.