2024-02-19                     Senate Journal                      Page 1664
SB 237                                                                                                                        
SENATE BILL NO. 237 BY THE SENATE RULES COMMITTEE                                                                               
BY REQUEST OF THE GOVERNOR, entitled:                                                                                           
                                                                                                                                
          "An Act establishing a corporate income tax credit                                                                    
          for certain expenditures on child care services, utility                                                              
          rates, residential housing, and food security and                                                                     
          availability; and providing for an effective date."                                                                   
                                                                                                                                
was read the first time and referred to the Labor and Commerce and                                                              
Finance Committees.                                                                                                             
                                                                                                                                
The following fiscal information was published today:                                                                           
 Fiscal Note No. 1, indeterminate, Department of Revenue                                                                        
                                                                                                                                
Governor's transmittal letter dated February 15:                                                                                
                                                                                                                                
Dear President Stevens:                                                                                                         
                                                                                                                                
Under the authority of Article III, Section 18 of the Alaska                                                                    
Constitution, I am transmitting a bill creating a new fifty percent tax                                                         
credit to make childcare, residential energy, housing, and groceries                                                            
more affordable for Alaskans. The high cost of these economic sectors                                                           
hinders growth, entrepreneurism, and hiring in Alaska.                                                                          
                                                                                                                                
Alaska’s cost of living is among the highest in the nation. This bill                                                           
incentivizes the private sector to make strategic investments in the                                                            
economic infrastructure necessary to attract a strong workforce,                                                                
encourage entrepreneurism, and build a stronger Alaska.                                                                         
                                                                                                                                
I urge your prompt and favorable consideration of this legislation.                                                             
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Mike Dunleavy                                                                                                                   
Governor