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SB 171                                                                                                                        
SENATE BILL NO. 171 BY THE SENATE 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 Finance                                                               
Committees.                                                                                                                     
                                                                                                                                
The following fiscal information was published today:                                                                           
 Fiscal Note No. 1, indeterminate, Department of Revenue                                                                        
                                                                                                                                
Governor's transmittal letter dated April 11:                                                                                   
                                                                                                                                
Dear President Stevens:                                                                                                         
                                                                                                                                
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                                                         

2025-04-14                     Senate Journal                      Page 0858
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