- Associated Press - Sunday, March 23, 2014

JUNEAU, Alaska (AP) - The House Finance Committee has advanced legislation that would sunset Alaska’s film tax credit program in 2016.

The provision’s part of a larger bill calling for the review of “indirect expenditures,” things like tax credits or exemptions. The bill sets sunset dates of 2016 or 2018 for different programs.

The sponsor of HB306, Rep. Steve Thompson, says the idea is for a thorough analysis of whether programs are doing what they’re intended. He expects most of the programs to be renewed or extended.

An audit of the film tax credit, reauthorized in 2012, predated changes made by lawmakers.

Rep. Les Gara says there are things he likes about the bill. But he worries it will result in the film program being doomed before it’s really given a chance to work.