- Associated Press - Tuesday, March 11, 2014

JUNEAU, Alaska (AP) - The House Finance Committee has advanced a bill that would repeal Alaska’s film tax credit program, though some members expressed mixed feelings or outright opposition.

Lawmakers in 2012 reauthorized the program, created four years earlier. The reauthorization allowed for an additional $200 million in credits to be issued through June 30, 2023, according to an Alaska Film Office report.

Supporters of HB112 questioned the financial benefit of the program to the state and whether it makes sense as the state looks to rein-in spending.

Opponents say Alaska benefits from TV programs that showcase the state and that they don’t understand pulling back on the revamped tax-credit program already, particularly as the state looks at ways to diversify its revenue sources.

Several members said they weren’t sure how they would vote.

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