This bill proposes significant amendments to the taxation and funding framework for natural gas projects in Alaska, including the establishment of an income tax on specific oil and gas entities and the creation of the Alaska Affordable Heating Fuel Fund. It aims to provide affordable access to natural gas for residents while safeguarding communities from potential adverse effects. Key changes include a new calculation method for local contributions to public school funding, which integrates a mill tax levy with alternative volumetric tax considerations, and exemptions for property related to natural gas projects from certain taxes. The bill also clarifies the Alaska Gasline Development Corporation's role in managing these projects and emphasizes that its provisions should not set a precedent for the taxation of other properties.

Additionally, the bill enhances the powers and responsibilities of the Alaska Gasline Development Corporation, allowing it to provide transportation of natural gas, advocate for new pipeline capacity, and enter into contracts related to liquefied natural gas projects. It introduces a new bond fund for the Alaska liquefied natural gas project, requiring legislative approval for bond issuance and ownership transfers. The corporation must maintain a publicly accessible dashboard to track project statuses and report biannually on pipeline projects. Furthermore, the bill establishes a temporary tax abatement for natural gas projects, outlines an alternative volumetric tax structure, and creates a Natural Gas Project Municipal Impact Grant Fund to support municipalities affected by pipeline construction. Overall, the bill aims to ensure the economic viability of natural gas infrastructure while benefiting local communities.

Statutes affected:
HB0381A, AM HB 381, introduced 03/20/2026: 14.17.510, 43.56.027, 14.17.990, 43.56.023, 29.45.080, 43.56.022, 29.45.090, 29.45.050, 43.56.010, 43.56.021, 29.45.030, 43.56.020, 31.25.390
HB0381B, AM CSHB 381(RES), introduced 05/08/2026: 14.17.510, 43.59.020, 14.17.990, 43.59.100, 43.59.040, 29.45.050, 29.35.460, 29.45.010, 29.45.560, 29.45.080, 29.45.090, 37.13.010, 42.45.045, 37.10.071, 31.25.390, 43.56.010, 29.45.085, 29.45.030, 43.56.020, 43.56.210, 42.05.221, 43.59.030, 43.05.220, 43.05.225, 43.59.050, 43.05.240, 43.05.405, 43.20.270, 43.59.060, 43.59.070, 37.14.900, 37.05.610
HB0381C, AM CSHB 381(FIN), introduced 06/12/2026: 14.17.510, 43.59.010, 43.59.020, 29.45.030, 14.40.380, 14.40.390, 14.40.365, U.S.C, 31.25.010, 31.25.005, 31.25.040, 36.30.321, 36.30.175, 31.25.080, 31.25.120, 09.55.240, 09.55.460, 31.25.100, 31.25.110, 31.25.090, 31.25.125, 40.25.220, 31.25.130, 44.62.310, 44.62.319, 31.25.160, 31.25.270, 44.62.175, 31.25.390, 42.05.438, 43.56.010, 43.56.020, 43.56.210, 42.05.221, 29.45.080, 43.59.025, 43.05.220, 43.05.225, 43.59.030, 29.60.860, 43.59.040, 43.05.240, 43.05.405, 43.20.270, 43.59.050, 43.59.060, 40.25.100, 43.05.230, 43.59.100, 31.25.145, 31.25.285
HB0381D, AM CSHB 381(FIN) am, introduced 06/12/2026, passed House 06/12/2026: 14.17.510, 43.59.010, 43.59.020, 29.45.030, 14.40.380, 14.40.390, 14.40.365, U.S.C, 29.45.080, 31.25.010, 31.25.005, 31.25.040, 36.30.321, 36.30.175, 31.25.080, 31.25.120, 09.55.240, 09.55.460, 31.25.100, 31.25.110, 31.25.090, 31.25.125, 40.25.220, 31.25.130, 44.62.310, 44.62.319, 31.25.160, 31.25.270, 44.62.175, 31.25.390, 42.05.438, 43.56.010, 43.56.020, 43.56.210, 42.05.221, 43.59.025, 43.05.220, 43.05.225, 43.59.030, 29.60.860, 43.59.040, 43.05.240, 43.05.405, 43.20.270, 43.59.050, 43.59.060, 40.25.100, 43.05.230, 43.59.100, 31.25.145, 31.25.285
HB0381E, AM SCS CSHB 381(FIN), introduced 06/19/2026: 14.17.410, 14.17.470, 14.17.450, 14.17.460, 14.17.420, 14.17.430, 14.17.510, 29.45.110, 43.59.030, 43.56.010, 43.59.010, 43.59.020, 29.45.030, 43.59.100, 29.45.080, 31.25.010, 31.25.005, 31.25.040, 36.30.321, 36.30.175, 31.25.080, 31.25.120, 09.55.240, 09.55.460, 31.25.100, 31.25.150, 31.25.110, 31.25.090, 31.25.125, 40.25.220, 31.25.130, 44.62.310, 44.62.319, 31.25.140, 31.25.160, 31.25.270, 44.62.175, 42.05.438, 31.25.390, 37.13.010, 37.05.610, 37.14.150, 42.06.630, 43.56.020, 43.05.220, 43.05.225, 29.60.855, 29.60.860, 43.59.040, 43.05.240, 43.05.405, 43.20.270, 43.59.050, 43.59.060, 40.25.100, 43.05.230, 31.25.145, 31.25.285
HB0381F, AM SCS CSHB 381(FIN) am S, introduced 06/19/2026, passed Senate 06/19/2026: 14.17.410, 14.17.470, 14.17.450, 14.17.460, 14.17.420, 14.17.430, 14.17.510, 29.45.110, 43.59.030, 43.56.010, 43.59.010, 43.59.020, 29.45.030, 43.59.100, 29.45.080, 31.25.010, 31.25.005, 31.25.040, 36.30.321, 36.30.175, 31.25.080, 31.25.120, 09.55.240, 09.55.460, 31.25.100, 31.25.150, 31.25.110, 31.25.090, 31.25.125, 40.25.220, 31.25.130, 44.62.310, 44.62.319, 31.25.140, 31.25.160, 31.25.270, 44.62.175, 42.05.438, 31.25.390, 37.13.010, 37.05.610, 37.14.150, 42.06.630, 43.56.020, 43.05.220, 43.05.225, 29.60.855, 29.60.860, 43.59.040, 43.05.240, 43.05.405, 43.20.270, 43.59.050, 43.59.060, 40.25.100, 43.05.230, 31.25.145, 31.25.285