A bill to review Alaska’s tax credit programs awaits the Governor’s signature after being passed by the 28th legislature.
Rep. Paul Seaton of Homer spoke with us about the program.
Rep. Seaton: “Which is saying that all tax credits, or most of the tax credits anyway, will sunset at certain set dates in the next five years and then they’ll be reviewed to see if they are doing the job they are supposed to be or if there’s tax credits that are no longer necessary and are wasting state money.”
Under House Bill 306, Alaska’s Film Tax Credit program was extended five years instead of the proposed 10 years.
Ron Holstrom, part of the Sugar Mountain Crew that filmed in Seward, spoke about the benefits of the Film Tax Credits attracting crews to Alaska in the off season.
Holmstrom: “The local hotel, Hotel Seward has been packed off and on with actors in and out and crew members staying there and they rented a number of homes in the area for various families, the producer the director, and also various departments the costumers, the camera departments, so they rented private homes.”
Holmstrom added that businesses like True Value and other rental places also received a lot of business during their usually slow season.