House panel proposes income tax compromise to start in 2019
A House committee has unveiled a new version of an income tax bill to replace one first introduced by Gov. Bill Walker.
However, the House Finance Committee on Sunday released a new draft bill as a compromise. It adopts the governor’s proposal for an income tax at six percent of federal liability, but implements it two years later than the governor wanted — Jan. 1, 2019.
The 90-day legislative session is scheduled to end at midnight on Sunday, but lawmakers can continue working for up to 121 days, as stated in the Alaska State Constitution. Committee hearings have been scheduled for Monday.
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