Legislature(2023 - 2024)DAVIS 106
04/25/2023 06:00 PM House WAYS & MEANS
Note: the audio and video recordings are distinct records and are obtained from different sources. As such there may be key differences between the two. The audio recordings are captured by our records offices as the official record of the meeting and will have more accurate timestamps. Use the icons to switch between them.
Audio | Topic |
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Start | |
HB109 | |
HB110 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
+ | TELECONFERENCED | ||
+= | HB 109 | TELECONFERENCED | |
+ | TELECONFERENCED | ||
+= | HB 110 | TELECONFERENCED | |
+= | HJR 7 | TELECONFERENCED | |
HB 109-REDUCE CORP. NET INCOME TAX RATE 6:32:54 PM CHAIR CARPENTER announced that the first order of business would be HOUSE BILL NO. 109, "An Act reducing the corporate net income tax rate; and providing for an effective date." 6:33:09 PM CHAIR CARPENTER opened public testimony on HB 109. 6:33:41 PM ALLEN STRAH, representing self, expressed the opinion that the bill is "offensive," because the state would be leveraging Alaskans with the lost revenue from the corporate tax cuts. He said that, until oil subsidies are eliminated, there should be no talk of taxing citizens of the state. He argued that a sales tax would be a regressive tax on residents, while a progressive income tax would be more reasonable, as with this option everyone who makes a living in Alaska would be paying their share. 6:36:13 PM DAVID LESLIE, representing self, expressed the opinion that the idea of proposing tax cuts to corporations while the poor pay [sales] tax is "offensive" to the residents of the state. He argued that such a tax would have huge implications for the Alaska native community, especially those who live in rural areas. He suggested that there could also be financial implications for women and the LGBTQ community. He opined that the tax has the largest implications for the most marginalized groups in Alaska. 6:38:19 PM PHILLIP MOSER, representing self, expressed the opinion that the proposed tax would impact those who live in conditions where every cent counts. He pointed out that in the first ten years of the Willow Project the state will be going into further deficit because of the tax credits associated with the project. 6:40:03 PM PETER VAN FLEIN, representing self, stated that a sales tax is the most regressive and expensive form of tax, especially to Alaskans, as it is punitive to rural residents. He added that this would require a new state department. He explained that such a tax would be expensive for businesses to implement. He argued that corporations already do not pay enough income tax, yet they are the most intensive users of infrastructure. He suggested that the greatest gain to the state budget would be to repeal Senate Bill 21 [passed during the Twenty-Eighth Alaska State Legislature]. 6:41:53 PM The committee took an at-ease from 6:41 p.m. to 6:49 p.m. 6:49:21 PM CHAIR CARPENTER, after ascertaining that there was no one else who wished to testify, closed public testimony on HB 109. He announced that HB 109 was held over.
Document Name | Date/Time | Subjects |
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HB 110 - New CS v. R Explanation of changes.pdf |
HW&M 4/25/2023 6:00:00 PM |
HB 110 |
HB 110 - New CS v.R.pdf |
HW&M 4/25/2023 6:00:00 PM |
HB 110 |