Maxwell Sumner
184:41 - 185:22
“without the sales tax All that it is is a tax transfer. If you're still spending the same amount of money, you know, because, I mean, we set our— as a body, we are setting our mill rate to cover our revenue requirement. If you're spending the same amount of money, then doing a residential property tax exemption just transfers the tax burden from property owners, these property owners to other property owners. And that would be adversarial to rentals, be adversarial to commercial buildings.”
- Speaker
- Maxwell Sumner
- Timestamp
- 184:41 – 185:22
- Community
- Alaska News
- Location
- Mat-Su Borough
- Captured at
From the transcript
Okay, um, Assemblyperson Sumner. Yeah, I had actually considered this previously just independently of a tax, and I tabled it because I just chose not to move forward with it because without the sales tax All that it is is a tax transfer. If you're still spending the same amount of money, you know, because, I mean, we set our— as a body, we are setting our mill rate to cover our revenue requirement. If you're spending the same amount of money, then doing a residential property tax exemption just transfers the tax burden from property owners, these property owners to other property owners. And that would be adversarial to rentals, be adversarial to commercial buildings.
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