WASHINGTON — The Internal Revenue Service Wednesday continued an ongoing effort to help those experiencing homelessness by reminding people who don’t have a permanent address or a bank account that they may still qualify for stimulus payments and other credits, including the advance Child Tax Credit. The agency is also asking for help from groups […]
(Anchorage) – Friday the Alaska Supreme Court, in Forrer v. State of Alaska, struck down legislation enacted under the previous Walker administration in 2018 that authorized the issuance of “subject-to-appropriation” bonds to pay outstanding cashable oil and gas tax credits. According to the Department of Revenue, there is $743 million in outstanding tax credits […]
Students in the Fairbanks North Star Borough School District will soon have the opportunity to complete their high school careers with up to two years of college credit, tuition-free. The University of Alaska Fairbanks and the school district have joined forces to create North Star College, a middle college program that will allow students […]
ANCHORAGE, Alaska – The Alaska Native Science & Engineering Program celebrated and recognized seven students from Anchorage on their accomplishments and being the first graduates from its full-time Acceleration Academy. These students, in addition to five students from the Matanuska-Susitna Valley, will be graduating with an average of 40 hours, which is equivalent to […]
JUNEAU – Senator Wielechowski (D-Anchorage) introduced Senate Bill 206, repealing the per barrel tax credits established in 2014 under SB 21. Under current statute, a producer is eligible for up to $8 in tax deductions for each barrel of extracted oil depending on certain conditions, such as the market price of oil. “Recent SEC filings […]
I like a good fish tale. But when it involves fish, not when it involves politics. And not when it involves Senate leaders failing to tell you about a new $145 million subsidy they want to give our partners in the oil industry. The Senate started a media push last week, saying that they want […]
JUNEAU – This week, economists with the Alaska Department of Revenue produced a report analyzing how much Alaska generates in oil production taxes after the state pays out subsidies in the form of oil tax credits. The report shows that in the next fiscal year, FY 2018, the state of Alaska is slated to pay […]