Bill would waive property taxes to spur gas line
State property taxes would be waived during construction of an Alaska gas pipeline project under a proposal by an Anchorage lawmaker.
Sen. Bill Wielechowski has proposed waiving the taxes for a project designed to carry at least 500 million cubic of feet of gas per day until gas begins to flow. His office said that could apply to an in-state gas line, a line designed to carry gas to a liquefied natural gas facility at tidewater or a large diameter line.
By one estimate, state property taxes during construction could be as high as $600 million. Wielechowski, in a news release, said that’s a small sacrifice up-front that could yield large benefits later.
The bill is SB33.