Time for another approach on Alaska gas line fiscal certainty
Alaskans have just been told gas line contract negotiations have not progressed satisfactorily. Thus, there is no time left to get a constitutional amendment allowing a vote on fiscal certainty on the 2016 ballot. The proposed amendment would provide the producers with the necessary assurances the state would not arbitrarily increase the tax rate over the life of the LNG project.
The producers have told the state for years that unless they had fiscal certainty on taxes they would not spend the large sums of money (around $3 billion) required for Front End Engineering and Design.
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