Note from Rep. Gara: Closing Gaping Corporate Tax Loophole

Rep. Gara Newsletter

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.

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NEWS: It’s Time to Close Corporate Tax Loophole in Alaska

Rep. Les Gara

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.

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NEWS: House and Senate Minorities Propose Creating a Caucus of the Whole in the Alaska Legislature

Juneau – Last Friday was the 60th anniversary of the signing of the Alaska Constitution.  The convention in Fairbanks featured 55 Alaskans, elected from all regions and walks of life.  These far-thinking delegates came together as one and crafted a document that has guided not only the state government, but also Alaska’s institutions and people.  The constitutional example is being followed today by the Alaska Senate Democrats and the Alaska Independent Democratic Coalition as they propose a new structure for the 29th Alaska Legislature.

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Note from Rep. Gara: Are You Earthquake Prepared? Some Useful Safety Tips

Rep. Gara Newsletter

Every day I talk to legislators in both parties to see if we can build a bi-partisan fiscal plan. I’m trying to keep things calm. I’m trying not to say “no,” even to proposals that cause me concern. A fair compromise will have to include elements most members don’t love. Compromise involves principled give and take. I’m listening to everyone’s ideas, and hoping enough members of the Republican majority will also be willing to put together a balanced, fair, bi-partisan fiscal plan.

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NEWS: Rep. Gara Seeks Budget Reimbursement for Oil Company-Created North Slope Haul Road Costs

Rep. Les Gara

Juneau – Today, Representative Les Gara (D-Anchorage) is calling on the Alaska Department of Transportation and Public Facilities (DOT) to help end millions in state subsidies for the oil and gas companies that are the primary users of Alaska’s North Slope Haul Road, which is also referred to as the Dalton Highway. The state spends roughly $25 million per year to maintain and operate the road, which was built solely for, and is still primarily used by oil and gas producers and explorers. DOT estimates that 70% of the use on the road is commercial.

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