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Alaska2026Passed Legislature

SB275

Natural Gas Projects, Taxes, and Oversight Changes

Last scannedSep 20, 2026, 12:32 AM

In one sentence

This bill adds new powers to the Alaska Gasline Development Corporation for building gas projects, requires more audits of that corporation by state officials, and establishes taxes on natural gas activities.

What it does

  • Requires annual post-audits of the Alaska Gasline Development Corporation by the Legislative Budget and Audit Committee.
  • Requires the committee to review long-range operating plans for all state agencies that lend or invest money.
  • Gives the Alaska Gasline Development Corporation power to plan, build, operate, and acquire land for natural gas pipelines using eminent domain if needed.
  • Allows the corporation to enter into joint ownership deals with other groups for in-state natural gas lines or liquefied natural gas projects.
  • Establishes an income tax on certain entities related to natural gas.

Who it affects

  • The Legislative Budget and Audit Committee
  • The Alaska Gasline Development Corporation
  • Certain natural gas-related entities subject to the new income tax
  • State agencies that perform lending or investment functions

Limits and unknowns

  • The official text provided does not list specific dollar amounts for the new taxes or surcharges.
  • The effective date is listed as blank in the metadata, so it is unknown when these rules start.
  • The full details regarding how much money can be borrowed by the corporation are cut off at the end of the provided text.

Plain language

Terms to know

Eminent Domain
A legal power allowing a government entity to take private land for public use, such as building a pipeline.
Post-Audit
An official review of an organization's finances and actions after they have happened.
Surcharge
An extra fee or tax added to the normal cost, specifically on gas processed in the state according to this bill.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill text

Official summary

NATURAL GAS PROJECTS/INCOME TAX/SURCHARGE An Act relating to natural gas and natural gas projects; relating to the Alaska Gasline Development Corporation; relating to the powers and duties of the Legislative Budget and Audit Committee; relating to the value of certain oil and gas; relating to an income tax on certain natural gas-related entities; relating to the oil and gas production tax; establishing a surcharge on gas processed in the state; and providing for an effective date.

Official activity

Bill history

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