0:41
Pete Eklund
36:10 - 36:51
"Note, all these tax rates grow with inflation, bounded between 1% and 3%. And that is a change from the other body's version where the inflation was capped at growing at 1 to 2%. The split of the tax between the local governments and the state is also fixed in this committee substitute rather than depending on capital expenditures. The splits are designed to match the effect of the House version as modeled on slide 42 of Department of Revenue's presentation last Monday."
“Note, all these tax rates grow with inflation, bounded between 1% and 3%. And that is a change from the other body's version where the inflation was capped at growing at 1 to 2%. The split of the tax between the local governments and the state is also fixed in this committee substitute rather than depending on capital expenditures. The splits are designed to match the effect of the House version as modeled on slide 42 of Department of Revenue's presentation last Monday.”
- Speaker
- Pete Eklund
- Timestamp
- 36:10 – 36:51
- Community
- Alaska News
- Location
- Juneau
- Captured at
- June 19, 2026
From the transcript
Note, all these tax rates grow with inflation, bounded between 1% and 3%. And that is a change from the other body's version where the inflation was capped at growing at 1 to 2%. And we'll talk about that more later in the bill and we'll have a presentation from Mr. Painter to get into the aspects of that. The split of the tax between the local governments and the state is also fixed in this committee substitute rather than depending on capital expenditures. The splits are designed to match the effect of the House version as modeled on slide 42 2 of Department of Revenue's presentation last Monday.
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