Alaska House Republican Rep. Ben Carpenter introduced legislation that would establish a 2% state sales tax with few exemptions, but stressed it was only intended to pass as part of a broader fiscal plan.
Larry Persily, a journalist and former deputy commissioner at the Department of Revenue, was skeptical that the state’s corporate income tax rate had significantly impacted how large Outside companies’ make investment decisions in Alaska. He also questioned the wisdom of reducing state revenue when the budget is in deficit.Dunleavy’s budget proposal has not been significantly altered by the Legislature, except for the size of the Permanent Fund dividend.
The House’s current version of the budget would pay a roughly $2,700 dividend and still be in the red by over $400 million. A $1,300-dividend being discussed by the Senate would leave the state $300 million in surplus — but none of the three spending plans containThe House Finance Committee debated shrinking the House’s dividend to $1,300 Monday, but all seven members of the Republican-led majority voted to block that.
drawing up to $356 million from that account to pay for unanticipated spending needs and to fill the current fiscal year’s deficit. The House Ways and Means Committee will be the first hear Carpenter’s bills. Budget hawk Donna Arduin
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