Interior and rural Alaskans face some of the highest energy costs in the country, and families are paying the price. House Bill 381 is not a “<a href="https://alaskabeacon.com/2026/06/05/alaska-gas-pipeline-developer-says-its-open-to-price-controls-on-natural-gas-for-alaskans/" target="_blank" rel="" title="https://alaskabeacon.com/2026/06/05/alaska-gas-pipeline-developer-says-its-open-to-price-controls-on-natural-gas-for-alaskans/">90% tax break</a>.” It is a necessary change to Alaska’s outdated tax structure so the Alaska LNG project can be financed under the same kind of predictable rules used by major LNG regions worldwide. The state will own 25% of the pipeline, which means Alaska is not giving revenue away — it is investing in an asset that can provide long-term returns and affordable energy.