Bert Stedman
37:38 - 38:38
“one of the solutions that we talked about and the one that's in the bill here is a delayed effective date out to '29, tax year '29, and asking the impacted parties to submit hypothetical tax returns to the Department of Revenue so they can look through them, so they can get a good feel for, you know, what we're actually dealing with, and come back to the next legislature with cleanup language and I would expect a rate adjustment to something that would flow and be equitable to both the industry and the state and have a balance.”
- Speaker
- Bert Stedman
- Timestamp
- 37:38 – 38:38
- Transcript
- Alaska Legislature: MSC2-20260716-0800
- Community
- Alaska News
- Location
- Alaska
- Captured at
From the transcript
And how to deal with it. And one of the solutions that we talked about and the one that's in the bill here is a delayed effective date out to '29, tax year '29, and asking the impacted parties to submit hypothetical tax returns to the Department of Revenue so they can look through them, so they can get a good feel for, you know, what we're actually dealing with, and come back to the next legislature with cleanup language and I would expect a rate adjustment to something that would flow and be equitable to both the industry and the state and have a balance. So that is why we have this rather— or lightly used process of hypothetical.
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