2026-05-19                     Senate Journal                      Page 2776
SB 280                                                                                                                        
The Resources Committee considered SENATE BILL NO. 280 "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 recommended it be replaced with                                                                             
                                                                                                                                
          CS FOR SENATE BILL NO. 280(RES) "An Act                                                                               
          relating to oil and gas; relating to the determination                                                                
          of the value of taxable real and personal property for                                                                
          purposes of calculating the local contribution for                                                                    
          public school funding; relating to limitations on                                                                     
          municipal oil and gas property taxes; relating to the                                                                 
          regulation of liquefied natural gas import facilities                                                                 
          and utility rates approved by the Regulatory                                                                          
          Commission of Alaska; relating to the Alaska Gasline                                                                  
          Development Corporation; establishing an income                                                                       
          tax on certain entities producing or transporting oil or                                                              
          gas in the state; relating to the taxation of certain                                                                 
          natural gas pipeline property and related facilities;                                                                 
          relating to the minimum production tax on oil;                                                                        
          establishing an infrastructure maintenance surcharge                                                                  
          on oil and a related Dalton Highway pipeline corridor                                                                 
          maintenance fund; relating to an alternative                                                                          
          volumetric throughput tax on certain natural gas                                                                      
          pipelines and related facilities; creating an Alaska                                                                  
          gasline community impact fund; and providing for an                                                                   
          effective date."                                                                                                      
                                                                                                                                
Signing do pass: Senator Giessel, Chair; Senators Dunbar,                                                                       
Wielechowski. Signing no recommendation: Senator Rauscher.                                                                      
Signing amend: Senators Claman, Kawasaki, Myers.                                                                                
                                                                                                                                
                                                                                                                                
                                                                                                                                

2026-05-19                     Senate Journal                      Page 2777
The following fiscal information was published today:                                                                           
          Fiscal Note No. 3, Department of Commerce, Community, and                                                            
          Economic Development                                                                                                  
          Fiscal Note No. 4, Department of Commerce, Community, and                                                            
          Economic Development                                                                                                  
     Fiscal Note No. 5, Department of Natural Resources                                                                         
     Fiscal Note No. 6, Department of Revenue                                                                                   
                                                                                                                                
The bill was referred to the Finance Committee.