Legislature(2025 - 2026)
2025-08-02 House Journal
Full Journal pdf2025-08-02 House Journal Page 1412 HB 1003 HOUSE BILL NO. 1003 by the House Rules Committee by request of the Governor, entitled: 2025-08-02 House Journal Page 1413 "An Act relating to tax credits for contributions to public schools and programs operated by tribal entities or tribally empowered Alaska Native organizations through a compact with the state; relating to tax credits for contributions to state- funded literacy programs; relating to the insurance tax education credit, the income tax education credit, the oil or gas producer education credit, the property tax education credit, the mining business education credit, the fisheries business education credit, and the fisheries resource landing tax education credit; and providing for an effective date." was read the first time and referred to the Finance Committee. The following fiscal note(s) apply: 1. Zero, Dept. of Education & Early Development 2. Indeterminate, Dept. of Revenue 3. Zero, Dept. of Education & Early Development/Fund Capitalization The Governor's transmittal letter dated August 1 follows: "Dear Speaker Edgmon: Under the authority of Article III, Section 18 of the Alaska Constitution, I am transmitting a bill relating to tax credits for contributions to public schools and programs operated by tribal entities or tribally empowered Alaska Native organizations through a compact with the state and tax credits for contributions to state-funded literacy programs. This bill would extend tax credits to new qualifying contributions under the insurance tax education credit, the income tax education credit, the oil or gas producer education credit, the property tax education credit, the mining business education credit, the fisheries business education credit, and the fisheries resource landing tax education credit. By leveraging private donations through tax incentives, this legislation creates a durable funding stream for tribal-compact schools and improves statewide literacy outcomes. 2025-08-02 House Journal Page 1414 I urge your prompt and favorable action on this measure. Sincerely, /s/ Mike Dunleavy Governor"