
Justin Ruffridge
39:29 - 40:13
"If we pass this language forward, if it's the intention to have a new legislature fix it and reduce a tax, I don't— I'm not certain I've really ever seen that be a possibility to reduce a tax at a future date. We're going to put in a tax rate that that I think many of us would already say is too high for a lot of reasons."
“If we pass this language forward, if it's the intention to have a new legislature fix it and reduce a tax, I don't— I'm not certain I've really ever seen that be a possibility to reduce a tax at a future date. We're going to put in a tax rate that that I think many of us would already say is too high for a lot of reasons.”
I think in my experience from any perspective, not just this legislature, but just watching how things work in the general rule of life. If we pass this language forward, if it's the intention to have a new legislature fix it and reduce a tax, I don't— I'm not certain I've really ever seen that be a possibility to reduce a tax at a future date. We're going to put in a tax rate that that I think many of us would already say is too high for a lot of reasons. We haven't reduced the corporate tax rate that we have now. Why would we reduce this one at a future date?
The Alaska Legislature's conference committee voted 2-1 in both chambers Thursday to send a revised Alaska LNG tax bill to the floor, with supporters calling it a necessary step and the lone dissenter in each chamber citing an undefined income tax exemption and a property tax revenue structure he said sets a dangerous precedent.
