Legislature(2023 - 2024)
2024-01-24 Senate Journal
Full Journal pdf2024-01-24 Senate Journal Page 1410 SB 203 SENATE BILL NO. 203 BY THE SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR, entitled: "An Act relating to business license fees; 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, Department of Commerce, Community, and Economic Development Governor's transmittal letter dated January 22: Dear President Stevens: Under the authority of Article III, Section 18 of the Alaska Constitution, I am transmitting a bill increasing business license fees. The Alaska Business License Act (Act) requires that a person obtain and pay for a business license from the Department of Commerce, Community, and Economic Development (DCCED), prior to engaging in business in the State. The Act sets the fees for business licenses and for license endorsements that permit a business to sell tobacco products. This bill would increase these statutory fees. The bill would increase the fee for a business license from $50 to $100 per year. The Act includes an exception for certain sole proprietorships owned by individuals 65 years or older and disabled veterans, which sets a lower fee of $25 for these businesses. The bill would increase those licenses to $50. Tobacco endorsements would be increased from $100 to $200 annually. 2024-01-24 Senate Journal Page 1411 The bill would have an effective date of October 1, 2024, to allow DCCED time to update its forms and public information in advance of license renewals at the start of the upcoming calendar year. I urge your prompt and favorable action on this measure. Sincerely, /s/ Mike Dunleavy Governor