AM NO 1 OFFERED AND WITHDRAWN 3068
Alaska2026Passed Legislature
HB381
Alaska Natural Gas Project Tax and Funding Act
Last scannedAug 22, 2026, 12:25 AM
In one sentence
This law creates new taxes on specific natural gas projects to fund public schools, municipal grants, and affordable heating fuel while setting rules for the Alaska Gasline Development Corporation.
What it does
- Establishes an income tax on certain entities producing or transporting oil or gas in the state.
- Creates a special property tax rule only for certain natural gas project facilities to help advance a major pipeline project.
- Sets up rules allowing school districts to offset funding losses if student numbers drop by 5% or more, or if schools consolidate within the same community and district.
- Funds an Alaska Affordable Heating Fuel Fund.
- Requires the Regulatory Commission of Alaska to approve contracts and adjust maximum natural gas prices based on inflation.
Who it affects
- Certain entities producing or transporting oil or gas in Alaska
- Public school districts facing enrollment drops of 5% or more, or those consolidating schools within the same community and district
- Municipalities receiving impact grants from a new fund
- The Alaska Gasline Development Corporation
Limits and unknowns
- The law states these tax rules apply only to this specific project and cannot be used as a rule for other properties or taxpayers.
- School funding protections do not apply if enrollment drops are caused by boundary changes under AS 29.
Plain language
Terms to know
- Alaska Gasline Development Corporation (AGDC)
- A state entity related to natural gas project funds and agreements.
- Volumetric tax
- An alternative tax based on the volume of natural gas throughput.
- Municipal impact grant program
- A fund providing money to local communities related to a natural gas project.
Official record
Sources
Official summary
OIL & GAS PROPERTY TAX; MUNI TAX; AGDC 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.
Official activity
Bill history
- (S) Minutes (SHB381)Min
- (S) Moved CCS HB 381 Out of Committee -- Rescheduled from 07/15/2026 --Text
- (S) CONFERENCE COMMITTEE ON HB381 at 08:00 AM SENATE FINANCE 532Text
- (H) Minutes (HHB381)Min
- (H) Moved CCS HB 381 Out of CommitteeText
- (H) CONFERENCE COMMITTEE ON HB381 at 08:00 AM SENATE FINANCE 532Text
- (H) VERSION: CCS HB 381(FLD H)3182
- (H) CC REPORT FAILED Y19 N19 E23182
- (H) CC REPORT READ AND TAKEN UP3182
- (H) FN7: (REV)3181
- (H) FN6: (CED)3181
- (H) FN5: (CED)3181
- (H) CC REPORT: CCS HB 381 RECEIVED 7/16/263181
- (H) LIMITED POWERS FREE CONFERENCE GRANTED3180
- (S) EFFECTIVE DATE(S) ADOPTED Y19 N- E13185
- (S) CC RPT ADPTD Y11 N8 E1 CCS HB 3813184
- (S) CC REPORT READ AND TAKEN UP3184
- (S) FN7: (REV)3183
- (S) FN6: (CED)3183
- (S) FN5: (CED)3183
Changes
Amendments
20 stored
AM NO 2 FAILED Y12 N27 A1 3069
AM NO 3 FAILED Y8 N31 A1 3075
AM NO 4 ADOPTED UC 3076
AM 1 TO AM 2 FAILED Y7 N13 3056
AM NO 5 ADOPTED Y16 N4 3060
AM NO 6 FAILED Y7 N13 3061
AM NO 7 FAILED Y9 N11 3062
AM NO 8 FAILED Y10 N10 3063
AM NO 10 FAILED Y10 N10 3064
AM NO 9 NOT OFFERED 3064
AM NO 11 FAILED Y9 N11 3065
AM NO 12 ADOPTED Y14 N6 3065
AM NO 13 FAILED Y9 N11 3066
AM NO 14 ADOPTED Y14 N6 3067
AM NO 15 ADOPTED Y14 N6 3068
AM NO 16 ADOPTED Y13 N7 3070
AM NO 17 FAILED Y10 N10 3072
AM NO 18 NOT OFFERED 3073
AM NO 19 ADOPTED Y11 N9 3073