---
type: "Bill"
title: "An Act relating to a mandatory exemption from municipal property taxes for certain assets of the Alaska Industrial Development and Export Authority; relating to dividends from the Alaska Industrial Development and Export Authority; relating to the meanings of 'mark-to-market fair value,' 'net income,' 'project or development,' and 'unrestricted net income' for purposes of the Alaska Industrial Development and Export Authority; extending the expiration date of the authorization to finance and issue bonds through the Alaska Industrial Development and Export Authority for a liquefied natural gas production system and natural gas distribution system for an Interior energy project; relating to land of the Alaska Railroad Corporation; relating to the sale of Alaska Railroad Corporation land; relating to the financing and bonding authority of the Alaska Railroad Corporation; authorizing the exchange of land between the Alaska Railroad Corporation and Eklutna, Inc.; authorizing the transfer of land from the Alaska Railroad Corporation to the Municipality of Anchorage; authorizing the transfer of land from the Alaska Railroad Corporation to Usibelli Coal Mine, Inc.; authorizing the transfer of land in the Chena Landings Subdivision from the Alaska Railroad Corporation; authorizing the transfer of land from the Alaska Railroad Corporation to Alaska Tourism Development, LLC; authorizing the transfer of land from the Alaska Railroad Corporation to NeighborWorks Alaska; authorizing the transfer of land from the Alaska Railroad Corporation to 1048 Whitney Road, Anchorage, LLC; authorizing the transfer of land from the Alaska Railroad Corporation to 660 Western Drive, Anchorage, LLC; and providing for an effective date."
description: "An Act relating to a mandatory exemption from municipal property taxes for certain assets of the Alaska Industrial Development and Export Authority; relating to dividends from the Alaska Industrial Development and Export Authority; relating to the meanings of 'mark-to-market fair value,' 'net income,' 'project or development,' and 'unrestricted net income' for purposes of the Alaska Industrial Development and Export Authority; extending the expiration date of the authorization to finance and issue bonds through the Alaska Industrial Development and Export Authority for a liquefied natural gas production system and natural gas distribution system for an Interior energy project; relating to land of the Alaska Railroad Corporation; relating to the sale of Alaska Railroad Corporation land; relating to the financing and bonding authority of the Alaska Railroad Corporation; authorizing the exchange of land between the Alaska Railroad Corporation and Eklutna, Inc.; authorizing the transfer of land from the Alaska Railroad Corporation to the Municipality of Anchorage; authorizing the transfer of land from the Alaska Railroad Corporation to Usibelli Coal Mine, Inc.; authorizing the transfer of land in the Chena Landings Subdivision from the Alaska Railroad Corporation; authorizing the transfer of land from the Alaska Railroad Corporation to Alaska Tourism Development, LLC; authorizing the transfer of land from the Alaska Railroad Corporation to NeighborWorks Alaska; authorizing the transfer of land from the Alaska Railroad Corporation to 1048 Whitney Road, Anchorage, LLC; authorizing the transfer of land from the Alaska Railroad Corporation to 660 Western Drive, Anchorage, LLC; and providing for an effective date."
jurisdiction: "us/states/ak"
legislature: "Alaska Legislature"
session: "30"
identifier: "HB 119"
citation: "Alaska HB 119 (30)"
classification: ["bill"]
subjects: ["BOATS & BOATING", "BUSINESS", "ECONOMIC DEVELOPMENT", "ENERGY", "FINANCE", "FUNDS", "GRANTS", "INVESTMENTS", "MUNICIPALITIES", "PUBLIC CORPORATIONS", "TAXATION", "TRANSPORTATION"]
status: "enacted"
primary_sponsors: ["RULES BY REQUEST OF THE GOVERNOR"]
version_count: 5
action_count: 59
vote_count: 2
first_action: "2017-02-13"
last_action: "2018-11-07"
source: "openstates"
source_identifier: "ocd-bill/0897b0dc-fbf6-4101-95f4-78a941f44ed9"
source_url: "https://www.akleg.gov/basis/Bill/Detail/30?Root=HB119"
source_hash: "b966d6029fc68c6b1390aa79f4174b8e6a76f2ea5dde81062ba06f1cfbf54fe7"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ak"]
---

# Alaska HB 119 (30) — An Act relating to a mandatory exemption from municipal property taxes for certain assets of the Alaska Industrial Development and Export Authority; relating to dividends from the Alaska Industrial Development and Export Authority; relating to the meanings of 'mark-to-market fair value,' 'net income,' 'project or development,' and 'unrestricted net income' for purposes of the Alaska Industrial Development and Export Authority; extending the expiration date of the authorization to finance and issue bonds through the Alaska Industrial Development and Export Authority for a liquefied natural gas production system and natural gas distribution system for an Interior energy project; relating to land of the Alaska Railroad Corporation; relating to the sale of Alaska Railroad Corporation land; relating to the financing and bonding authority of the Alaska Railroad Corporation; authorizing the exchange of land between the Alaska Railroad Corporation and Eklutna, Inc.; authorizing the transfer of land from the Alaska Railroad Corporation to the Municipality of Anchorage; authorizing the transfer of land from the Alaska Railroad Corporation to Usibelli Coal Mine, Inc.; authorizing the transfer of land in the Chena Landings Subdivision from the Alaska Railroad Corporation; authorizing the transfer of land from the Alaska Railroad Corporation to Alaska Tourism Development, LLC; authorizing the transfer of land from the Alaska Railroad Corporation to NeighborWorks Alaska; authorizing the transfer of land from the Alaska Railroad Corporation to 1048 Whitney Road, Anchorage, LLC; authorizing the transfer of land from the Alaska Railroad Corporation to 660 Western Drive, Anchorage, LLC; and providing for an effective date.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **HB0119A** (committee substitute) — [source](https://www.akleg.gov/basis/Bill/Text/30?hsid=HB0119A)
2. **HB0119B** (committee substitute) — [source](https://www.akleg.gov/basis/Bill/Text/30?hsid=HB0119B)
3. **HB0119C** (committee substitute) — [source](https://www.akleg.gov/basis/Bill/Text/30?hsid=HB0119C)
4. **HB0119D** (committee substitute) — [source](https://www.akleg.gov/basis/Bill/Text/30?hsid=HB0119D)
5. **HB0119Z** (committee substitute) — [source](https://www.akleg.gov/basis/Bill/Text/30?hsid=HB0119Z)

## Votes

- Shall CSHB 119(FIN) pass the House? — **37–3** (pass) · lower
- Shall SENATE CS FOR CS FOR HOUSE BILL NO. 119(FIN) am S "An Act relating to a mandatory exemption from municipal property taxes for certain assets of the Alaska Industrial Development and Export Authority; relating to dividends from the Alaska Industrial Development and Export Authority; relating to the meanings of 'mark-to-market fair value,' 'net income,' 'project or development,' and 'unrestricted net income' for purposes of the Alaska Industrial Development and Export Authority; extending the expiration date of the authorization to finance and issue bonds through the Alaska Industrial Development and Export Authority for a liquefied natural gas production system and natural gas distribution system for an Interior energy project; relating to land of the Alaska Railroad Corporation; relating to the sale of Alaska Railroad Corporation land; relating to the financing and bonding authority of the Alaska Railroad Corporation; authorizing the exchange of land between the Alaska Railroad Corporation and Eklutna, Inc.; authorizing the transfer of land from the Alaska Railroad Corporation to the Municipality of Anchorage; authorizing the transfer of land 05-12-2018 Senate Journal 3122 from the Alaska Railroad Corporation to Usibelli Coal Mine, Inc.; authorizing the transfer of land in the Chena Landings Subdivision from the Alaska Railroad Corporation; authorizing the transfer of land from the Alaska Railroad Corporation to Alaska Tourism Development, LLC; authorizing the transfer of land from the Alaska Railroad Corporation to NeighborWorks Alaska; authorizing the transfer of land from the Alaska Railroad Corporation to 1048 Whitney Road, Anchorage, LLC; authorizing the transfer of land from the Alaska Railroad Corporation to 660 Western Drive, Anchorage, LLC; and providing for an effective date" pass the Senate? — **16–3** (pass) · upper

## Sponsors

- RULES BY REQUEST OF THE GOVERNOR — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-02-13** Read the first time - REFERRALS `introduction, reading-1`
- **2017-02-13** L&C, FIN
- **2017-02-13** Fiscal Note 1: No fiscal impact (Commerce, Community & Economic Development)
- **2017-02-13** GOVERNOR'S TRANSMITTAL LETTER
- **2017-03-24** L&C RPT 6DP 1NR
- **2017-03-24** L&C Do Pass: SULLIVAN-LEONARD, STUTES, WOOL, BIRCH, KNOPP, KITO `committee-passage`
- **2017-03-24** L&C No Recommendation: JOSEPHSON
- **2017-03-24** Fiscal Note 1: No fiscal impact (Commerce, Community & Economic Development)
- **2018-05-07** FIN RPT CS(FIN) NT 5DP 1NR 5AM
- **2018-05-07** FIN Do Pass: GARA, PRUITT, STUTES, ORTIZ, FOSTER `committee-passage`
- **2018-05-07** FIN No Recommendation: GUTTENBERG
- **2018-05-07** FIN Amend: WILSON, KAWASAKI, TILTON, THOMPSON, SEATON
- **2018-05-07** Fiscal Note 2: No fiscal impact (Commerce, Community & Economic Development)
- **2018-05-07** Fiscal Note 3: No fiscal impact (Education and Early Development)
- **2018-05-07** FN4: (EED/FUND CAP)
- **2018-05-07** RULES TO CALENDAR 5/7/2018
- **2018-05-07** Read the second time `reading-2`
- **2018-05-07** FIN CS ADOPTED UC
- **2018-05-07** ADVANCED TO THIRD READING 5/8 CALENDAR
- **2018-05-08** NOT TAKEN UP 5/8 - ON 5/9 CALENDAR
- **2018-05-09** Read the third time CSHB 119(FIN) `reading-3`
- **2018-05-09** PASSED Y37 N3 `passage`
- **2018-05-09** EFFECTIVE DATE(S) SAME AS PASSAGE
- **2018-05-09** TRANSMITTED TO (S)
- **2018-05-09** VERSION: CSHB 119(FIN)
- **2018-05-10** Read the first time - REFERRALS `introduction, reading-1`
- **2018-05-10** Referred to Finance `referral-committee`
- **2018-05-11** FIN RPT SCS 5DP 2NR NEW TITLE
- **2018-05-11** TITLE CHANGE: SCR 34
- **2018-05-11** FIN Do Pass: HOFFMAN, BISHOP, VON IMHOF, STEVENS, OLSON `committee-passage`
- **2018-05-11** FIN No Recommendation: MACKINNON, MICCICHE
- **2018-05-11** Fiscal Note 2: No fiscal impact (Commerce, Community & Economic Development)
- **2018-05-11** Fiscal Note 3: No fiscal impact (Education and Early Development)
- **2018-05-11** FN4: (EED/FUND CAP)
- **2018-05-11** RULES TO 1ST SUP CALENDAR 5/11/18
- **2018-05-11** Read the second time `reading-2`
- **2018-05-11** FIN SCS ADOPTED UC
- **2018-05-11** ADVANCED TO THIRD READING 5/12 CALENDAR
- **2018-05-12** Read the third time SCS CSHB 119(FIN) `reading-3`
- **2018-05-12** RETURN TO SECOND UC
- **2018-05-12** AM NO 1 ADOPTED UC
- **2018-05-12** MOTION TO ADOPT NEW FISCAL NOTES UC
- **2018-05-12** Fiscal Note 5: No fiscal impact (Commerce, Community & Economic Development)
- **2018-05-12** Fiscal Note 6: No fiscal impact (Education and Early Development)
- **2018-05-12** FN7: (EED/FUND CAP)
- **2018-05-12** AUTOMATICALLY IN THIRD READING
- **2018-05-12** PASSED Y16 N3 E1 `passage`
- **2018-05-12** EFFECTIVE DATE(S) SAME AS PASSAGE
- **2018-05-12** TRANSMITTED TO (H) AS AMENDED
- **2018-05-12** VERSION: SCS CSHB 119(FIN) AM S
- **2018-05-12** CONCUR MESSAGE READ AND HELD
- **2018-05-12** CONCUR MESSAGE TAKEN UP
- **2018-05-12** TITLE CHANGE: SCR 34
- **2018-05-12** CONCUR AM OF (S) Y37 N3
- **2018-05-12** EFFECTIVE DATE(S) SAME AS PASSAGE
- **2018-06-27** MANIFEST ERROR(S)
- **2018-11-07** 11:25 AM 7/17/18 Transmitted to Governor `executive-receipt`
- **2018-11-07** Signed into law 7/20 CHAPTER 64 SLA 18 `executive-signature`
- **2018-11-07** EFFECTIVE DATE(S) OF LAW SEE CHAPTER

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0897b0dc-fbf6-4101-95f4-78a941f44ed9`. Confidence: reported (aggregated from official Alaska legislature records).