Alaska lawmakers are headed into a third special legislative session to tackle an alternative tax strategy for a proposed liquefied natural gas megaproject after a compromise bill won approval in the Senate but collapsed in the House.
The compromise legislation (HB 381) included language extending Alaska’s 9.4% corporate income tax to certain oil and gas producers operating as pass-through businesses, closing the so-called “S-corp loophole.” Gov. Mike Dunleavy (R) had previously derided the provision as a “poison pill” that would derail the entire $54.5 billion gas pipeline project.
Dunleavy threatened to veto the bill Thursday immediately after …