Weather
Lawmakers Hear Testimony on Film Tax Incentive ProgramSupporters call it an Alaskan industry, legislators say it's a matter of dollars and cents.So were most of the other people at the meeting, she said. “It’s been amazing, the support’s been incredible,” she said, grinning, gray hair pulled back into a ponytail. “We are almost out of the little cards to send to representatives, we have passed out over 150 buttons already.” The show of support didn’t fall on deaf ears, lawmakers said, but some still harbor concerns about the financial ramifications of the incentive program. Representative Anna Fairclough, a member of the House Finance Committee, said she wonders whether the proposed additional $200 million in incentives would be a prudent use of Alaska’s resources. “I wonder, listening to the people that spoke today, whether they understand that the money that would be provided is coming from responsible resource development, and that is the monetization of oil from the North Slope,” said the Eagle River Republican. Behind her, next to the Alaska Film Group table, stood another table bearing only a stack of pamphlets titled “Alaskans United to Stop Our Oil Wealth Giveaway.” With more than 80 percent of Alaska’s economy tied to oil and gas development, Fairclough said the future of the industry would determine whether the state could continue the film program, and she said the debate over oil and gas taxes was closely tied to a decision on film incentives. “We need to be fairly confident that we can actually sustain and pay those credits on into the future,” Fairclough said. “If we have limited funds projected into the future, then how can we extend the program if we know that those are going to be in decline?” When it comes to Alaska’s economy, she said film is just the tip of the iceberg.
|
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled.
Click here for a free download of the latest Adobe Flash Player.
|
You have indicated this comment should be removed.
The comment has been submitted for review. Thank you .
RonAK said on Tuesday, Feb 21 at 3:44 PM
the state needs to stop giving away monies drawn from our "people's" resources for things that fail to reimburse the state more than being spent. Our legislators suffer from the same thing that D.C. legislators suffer from...easy to spend other's money and not your own. If you wish to support the film industry...then invest your own money!
81854633Beef said on Sunday, Feb 19 at 2:22 PM
Hum .Didn't this actually mean double once that credit is sold then used by some corp 14=28$mil.Great give away my house to ok thanks .All i can do to keep my family fed and medical up.You can tell the few that have much more money then they know what to do with,they seem to be happy to give our money away to.can you say raise the tax cap for what.We all pay taxes.I guess our break comes when we die.Thanks again life long Alaskan soon to be out of this joke i used to call home.
81652884Add a comment
Most Popular