House passes bill calling for study on tax credits

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JUNEAU, Alaska (AP) - The Alaska House has passed legislation aimed at getting a better handle on how certain tax credit programs are working.

HB306, from Rep. Steve Thompson, adds sunset dates for certain tax credit programs, including the state’s film tax credit program, which would sunset in 2016.

Thompson says the idea is to get an in-depth analysis of the programs and to gauge their effectiveness. If they’re worthy, he says they will be renewed.

The bill passed 38-1, after minority-led efforts to push back the repeal date of a veterans’ employment credit and to remove the film credit repeal from the bill failed.

The co-chairs of the House Finance Committee praised the bill; Rep. Alan Austerman said it was probably the best bill the House would pass all year.

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