AK SB275

Adds Alaska Gasline Development Corporation (AGDC) to annual post-audit requirements by the Legislative Budget and Audit Committee, alongside Alaska Housing Finance Corporation and Alaska Industrial Development and Export Authority

Requires legislative approval for AGDC to enter legal relationships with foreign entities, transfer ownership interests in subsidiaries, or dispose of ownership/management interests in revenue-generating projects; mandates AGDC publish detailed information about project owners, investors, lenders, creditors, and gas purchasers on a public website

Imposes a 9.4% income tax on natural gas-related pass-through entities (partnerships, LLCs, S corporations) with taxable income over $5,000,000, effective for tax years beginning January 1, 2027

Establishes a $0.15 per Mcf surcharge on liquefied natural gas processors with capacity exceeding 50 MMcf per day; tax credits cannot offset this surcharge

Changes producer election to pay production tax in gas (rather than money) from optional to commissioner-determined, requiring written justification comparing gas vs. cash payments and allowing legislature 60 days to revoke the determination by concurrent resolution