AK SB77

Extends the deadline for liquefied natural gas storage facilities to commence commercial operation and qualify for a tax credit from January 1, 2020 to June 30, 2021

Provides facility owners a refundable tax credit or direct payment equal to the lesser of $15,000,000 or 50 percent of costs incurred to establish or expand the facility

Credit is applied against tax liability under Alaska tax code or paid directly in the taxable year the facility commences commercial operation

Credit is stackable with other available tax credits under Alaska law

Act takes effect immediately upon passage