OPINION: Alaska has a revenue problem, and expanding corporate tax credits won’t help
Tax credits are popular and allow businesses or individuals to make donations or investments in projects to reduce their taxes. Governor Mike Dunleavy introduced legislation to expand corporate donations eligible for tax credits, potentially costing the state a quarter-million dollars in lost revenue. The bill lacks research and may not benefit communities without large corporations. The use of tax credits adds complexity to the tax code and can lead to increased demand for subsidies.