HB381 is a bill in the Alaska Legislature (34th Legislature): OIL & GAS PROPERTY TAX; MUNI TAX; AGDC.

What is the status of HB381?

Passed both chambers as of September 30, 2026. Latest action: (H) PERMANENTLY FILED IN THE (H) (September 30, 2026).

Governor, House Rules By Request Of The (I).

Where is the official record for HB381?

On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=HB 381

Alaska HB381: OIL & GAS PROPERTY TAX; MUNI TAX; AGDC

Status: Passed both chambers, September 30, 2026

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; relating to the Alaska Gasline Development Corporation and funds of the Alaska Gasline Development Corporation; relating to reporting requirements for natural gas pipeline projects; creating the Alaska affordable heating fuel fund; relating to approval of contracts by the Regulatory Commission of Alaska and inflation adjustment of the maximum price of natural gas; establishing an income tax on certain entities producing or transporting oil or gas in the state; relating to an alternative volumetric tax on natural gas throughput; relating to a municipal impact grant program and fund; relating to agreements and a payment related to a natural gas project; and providing for an effective date.

What the bill says

An act ENTITLED "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; relating to the Alaska Gasline Development Corporation and funds of the Alaska Gasline Development Corporation; relating to reporting requirements for natural gas pipeline projects; creating the Alaska affordable heating fuel fund; relating to approval of contracts by the Regulatory Commission of Alaska and inflation adjustment of the maximum price of natural gas…

From the engrossed text:

AN ACT ENTITLED "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; relating to the Alaska Gasline Development Corporation and funds of the Alaska Gasline Development Corporation; relating to reporting requirements for natural gas pipeline projects; creating the Alaska affordable heating fuel fund; relating to approval of contracts by the Regulatory Commission of Alaska and inflation adjustment of the maximum price of natural gas; establishing an income tax on certain entities producing or transporting oil or gas in the state; relating to an alternative volumetric tax on natural gas throughput; relating to a municipal impact grant program and fund; relating to agreements and a payment related to a natural gas project; and providing for an effective date." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: HB0381h -1- CCS HB 381(fld H) New Text Underlined [DELETED TEXT BRACKETED] 34-GH2038\E.A * Section 1. The uncodified law of the State of Alaska is amended by adding a new section to read: LEGISLATIVE FINDINGS AND INTENT. (a) The legislature finds that the tax treatment in sec. 29 of this Act is necessary to advance a major natural gas project and to ensure that (1) the project maximizes the benefit to the state …

Alaska HB381: OIL & GAS PROPERTY TAX; MUNI TAX; AGDC

What the bill says

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