Consultants suggest possibly revisiting Cook Inlet credits

...and Cook Inlet.Consultants from the firm Enalytica, in a report accompanying their testimony before the Senate Finance Committee on Tuesday, said that some small producer credits are slated to expire on Jan. 1. The report said that is because...
State | AK legislature
State officials to meet with bond rating agencies

...a multibillion-dollar budget deficit amid a crash in oil prices.Commissioner Randall Hoffbeck told the Senate Finance Committee the state has not seen its high rating downgraded but one agency, Moody's, has put the state on negative watch...
Walker administration won't revisit SB21

...Department of Revenue Commissioner Randall Hoffbeck said during a presentation of the state revenue forecast to the Senate Finance Committee that changing the oil tax structure again is not on the governor's to-do list. Sen. Mike Dunleavy, R-Wasilla...
State | AK legislature
Revenue officials explain tax credit issue flagged by Walker

...would pay $625 million in so-called refundable credits. Revenue Commissioner Randall Hoffbeck told the Senate Finance Committee these are credits primarily to explorers or developers that have no tax liability. He said the credits are split...
Gas line, marijuana things to watch this week in legislature legalization is implemented. Hearings this week start on Monday. Oil and gas tax creditsThe Senate and House Finance committees are set to get separate updates on the credit issue Tuesday. Walker, in an opinion piece earlier this month...
State | AK legislature
In Walker's budget proposal, Corrections and Health take biggest hits

...over well with Democrats or Republicans from either legislative body. Several pointed out during Friday's House Finance Committee meeting, where Pitney gave a presentation on the budget, that the cuts to education are actually deeper than they...
State | AK legislature
Empire Editorial: An ounce of prevention

...sexual abuse in all grade levels, will again go before lawmakers. The bill was snubbed after reaching the House Finance Committee in 2014, despite earning full approval by the House Education Committee. An identical bill cleared the Senate...
Kelly says he will keep open to possible Medicaid expansion

JUNEAU - A co-chair of the Senate Finance Committee said the state is not on a path to expanding Medicaid.But Sen. Pete Kelly, R-Fairbanks, said Thursday that he would keep...
State | AK legislature
Gov: Cuts won't be made lightly

...a priority of his. Earlier in the day, Senate Finance Committee co-chair Pete Kelly said the state is not on a...taxes, and there is not a state sales tax.House Finance Committee co-chair Steve Thompson, R-Fairbanks, said...
State | AK legislature
Juneau Assembly considers diverting tobacco tax revenue to social services

On Wednesday, members of the City and Borough of Juneau Assembly Finance Committee agreed that funds from an increase in Juneau's tobacco tax should be used for community services if possible, but members differ...


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