Legislature(2023 - 2024)
2024-02-19 Senate Journal
Full Journal pdf2024-02-19 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