Legislator proposes state sales tax and cutting corporate taxes
April 5, 2023
Cutting taxes for businesses while also imposing a 2% sales tax on Alaskans got side-by-side consideration last week as part of one legislator’s concept of a fiscal plan. Legislators have been discussing various forms of a long-term fiscal plan for years as the state has faced budget deficits much of the past three decades.
A state sales tax and large corporate tax cut were proposed by Rep. Ben Carpenter, a Nikiski Republican who chairs the House Ways and Means Committee. He emphasized at a committee hearing on March 29 that while a state sales tax might seem unusual coming from a fiscal...
For access to this article please sign in or subscribe.