This bill focuses on the taxation and funding mechanisms for natural gas projects in Alaska, particularly the Alaska liquefied natural gas project. It introduces a new income tax structure for certain oil and gas pass-through entities, with tiered rates based on income levels, and establishes a temporary tax abatement for natural gas projects. The bill also creates the Alaska affordable heating fuel fund and the Natural Gas Project Municipal Impact Grant Fund, which will provide financial support to municipalities affected by gas pipeline construction. Additionally, it modifies public school funding calculations and outlines new reporting requirements for natural gas pipeline projects to enhance transparency and accountability.

Moreover, the bill amends existing laws governing the Alaska Gasline Development Corporation, granting it expanded powers to manage natural gas projects, including the ability to enter contracts and transfer interests in projects. It mandates the use of state contractors for local expertise and requires legislative notification for significant corporate actions, such as ownership changes and bond issuance. The bill also clarifies tax treatments for natural gas project properties, exempts them from certain municipal taxes, and establishes guidelines for confidentiality agreements. Overall, the legislation aims to streamline the regulatory framework for natural gas development while ensuring local community support and legislative oversight.

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
HB0381G, AM CCS HB 381, introduced 07/16/2026, passed Senate 07/16/2026: 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, 40.25.100, 31.25.130, 44.62.310, 44.62.319, 31.25.140, 31.25.155, 31.25.160, 31.25.270, 44.62.175, U.S.C, 42.05.438, 31.25.390, 31.25.285, 37.13.010, 37.05.610, 37.14.150, 42.06.630, 43.20.011, 43.20.141, 43.20.146, 43.05.230, 43.55.165, 43.20.030, 43.20.031, 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, 31.25.145, 31.25.280, 43.20.019
HB0381H, AM CCS HB 381(fld H), introduced 07/16/2026: 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, 40.25.100, 31.25.130, 44.62.310, 44.62.319, 31.25.140, 31.25.155, 31.25.160, 31.25.270, 44.62.175, U.S.C, 42.05.438, 31.25.390, 31.25.285, 37.13.010, 37.05.610, 37.14.150, 42.06.630, 43.20.011, 43.20.141, 43.20.146, 43.05.230, 43.55.165, 43.20.030, 43.20.031, 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, 31.25.145, 31.25.280, 43.20.019