Juneau – Today, the Alaska House of Representatives approved legislation to allow benefit corporations to operate in Alaska. Benefit corporations are for profit organizations that incorporate public benefits and community improvements into their business model. House Bill 124, sponsored by Representative Sam Kito (D-Juneau), would bring Alaska’s corporate law in line with thirty-one other states that have passed benefit corporation legislation.Read more
Most Profitable Corporations in Alaska Currently Allowed to Avoid Paying Any Alaska Corporate Tax FOR IMMEDIATE RELEASE January 17, 2017Read more
Juneau – Today, Representatives Les Gara (D-Anchorage), David Guttenberg (D-Fairbanks), and Andy Josephson (D-Anchorage) issued a call for the state run Alaska Aerospace Corporation to return most of the remaining funds left unspent from the roughly $98 million in state general funds appropriated since 2009.Read more
Juneau – Today, Representative Andy Josephson (D-Anchorage) formally introduced legislation requiring corporations in Alaska to get an affirmative vote from a majority of shareholders before spending corporate money on political campaigns or issues. Rep. Josephson confirms that House Bill 343 is in direct response to the 2010 Citizens United decision by the U.S. Supreme Court allowing corporations to spend unlimited amounts of money on elections to support or defeat candidates or issues.Read more
Today I submitted legislation to close a gaping loophole in Alaska’s corporate tax. My press release on this bill follows.
If we are to close a nearly $4 billion budget gap, the revenue we seek needs to be balanced. It can’t disproportionately hit those who have little when we have tax loopholes that benefit those who have the most.
Juneau — Alaska has a corporate tax, but over 5,000 corporations are exempt under current Alaska law, despite the fact that many of the corporations are highly profitable. Today, Representative Les Gara (D-Anchorage) filed legislation to close the loophole, which he contends the state can no longer afford due to a nearly $4 billion budget deficit. Rep. Gara believes closing Alaska’s corporate tax loophole should be part of a balanced fiscal plan that is fair for all Alaskans.Read more
Giving away money to those who can afford to carry the burden, and burdening five year-olds taken from their parents, who suffer abuse and neglect isn’t the right way to address our budget problem. It’s unworkable. It’s not humane.Read more
JUNEAU – Today, Representative David Guttenberg (D-Interior/Wade Hampton) released the following statement in response to today’s Alaska Supreme Court decision upholding the fair assessed value of the Trans-Alaska Pipeline System (TAPS) for local property tax purposes.Read more