AK SB109

Establishes a special investment tax credit for facilities that produce liquids from natural gas, coal, or biomass, with tiered percentages ranging from 100 percent on the first $50,000,000 of investment down to 40 percent on investments between $200,000,000 and $1,000,000,000.

Limits the total credit to $475,000,000 per single facility and restricts eligibility to facilities that began operation after December 31, 2010.

Caps the annual tax credit at 60 percent of eligible tax liability, with unused credits allowed to carry forward to subsequent years.

Applies only to investments made through December 31, 2020, and excludes leased property from credit eligibility.

Defines "liquids" as commercial-quality hydrocarbon mixtures with five to 20 carbon atoms per molecule and excludes oxygen or other elements.