Legislature(2025 - 2026)
2025-04-14 House Journal
Full Journal pdf2025-04-14 House Journal Page 0718 HB 190 HOUSE BILL NO. 190 by the House Rules Committee by request of the Governor, entitled: "An Act relating to the insurance tax education credit; relating to the income tax education credit; relating to the oil or gas producer education credit; relating to the property tax education credit; relating to the mining business education credit; relating to the fisheries business education credit; relating to the fisheries resource landing tax education credit; renaming the day care assistance program the child care assistance program; relating to the child care assistance program and the child care grant program; and providing for an effective date." was read the first time and referred to the Education and Labor & Commerce Committees. The following fiscal note(s) apply: 1. Indeterminate, Dept. of Revenue The Governor's transmittal letter dated April 11 follows: 2025-04-14 House Journal Page 0719 "Dear Speaker Edgmon: Under the authority of Article III, Section 18 of the Alaska Constitution, I am transmitting a bill relating to education tax credits for child care and the child care assistance program. This bill would create a tax incentive for employers to support child care expenses for their employees. It adds child care-related expenditures to the list of allowable education tax credits for certain taxpaying entities. Eligible taxes include those on insurers, corporate income, oil and gas production, oil and gas property, mining, and fisheries. The bill also increases the maximum allowable education tax credit from $3,000,000 to $10,000,000 per year. I urge your prompt and favorable action on this measure. Sincerely, /s/ Mike Dunleavy Governor"