- Associated Press - Wednesday, April 8, 2015

JUNEAU, Alaska (AP) - The Senate Finance Committee has advanced legislation that would repeal Alaska’s film tax credit program.

The governor’s proposed budget and versions that passed the House and Senate did not include funding for the program, effectively suspending it. Deputy Revenue Commissioner Jerry Burnett said it would be impossible for him to believe that any new applications coming in would be approved, given the state’s fiscal situation. But he said that doesn’t mean it couldn’t happen.

Burnett also was asked if the bill is a moot point given the funding issue and a sunset of the law looming in the next couple years. Burnett said the bill, from Sen. Bill Stoltze, would make clear to the industry and the public that the program would not be coming back without additional legislative action.

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