NEWS: Alaska House Passes Major Piece of a Comprehensive Fiscal Plan

Juneau – The Alaska House of Representatives today passed a major component of the plan put forward by the members of the Alaska House Majority Coalition to fully address Alaska’s $2.7 billion funding gap. Senate Bill 26 creates a sustainable draw from the earnings of the Alaska Permanent Fund, while still paying out dividends and protecting the principle of the fund.

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NEWS: Alaska House Moves to Fix Alaska’s Flawed Oil Tax Credit System

Juneau – The Alaska House of Representatives today passed legislation to reform Alaska’s flawed and unsustainable system of oil and gas subsidies. Without changes, the State of Alaska is projected to pay out more in oil tax credits in Fiscal Year 2018 than the state will take in from production taxes. Production tax revenue used to be Alaska’s leading source of revenue.

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NEWS: Responsible Budget Passes the Alaska House of Representatives

JUNEAU – The Alaska House of Representatives today formally passed a fully funded operating budget for Fiscal Year 2018 that ensures the delivery of essential services and protects the Alaska economy. The $5.1 billion General Fund operating budget reduces spending on agency and statewide operations by a net of $82.5 million compared to the 2017 budget, even after Governor Bill Walker’s vetoes.

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NEWS: Rep. Gara Files Legislation to End Tax Loophole for Profitable Corporations

Rep. Les Gara

Most Profitable Corporations in Alaska Currently Allowed to Avoid Paying Any Alaska Corporate Tax FOR IMMEDIATE RELEASE January 17, 2017 Anchorage – Representative Les Gara (D-Anchorage) is sponsoring legislation to end a loophole in current law that lets most profitable corporations avoid paying any of Alaska’s corporate tax.  Rep. Gara believes HB 36 could be a key …

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NEWS: Conference Committee Advances Flawed Oil Tax Credit Subsidy Bill

Juneau – Today, the Conference Committee created to work out the differences between the House and Senate versions of House Bill 247 advanced a new version that continues unsustainable subsidies to the oil and gas industry that will cost Alaska hundreds of millions of dollars a year. The only member of the Minority on the Conference Committee is Representative Geran Tarr (D-Anchorage). She objected to the new version of HB 247 and voted no on advancing the bill out of the committee.

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