15 September 2016 Alaska governor's call for personal income goes unanswered The Alaska state legislature's second special 2016 session ended without adoption of the governor's proposal to implement a personal income tax. By way of review, Alaska Governor Bill Walker called the legislature back into session in July to address the state's budget woes. It was the second special session of the year, after state lawmakers failed to address the budget shortfall during its regular 2016 session and first special session. In his proclamation, the governor renewed his call for the creation of a state personal income tax as a way to address the budget shortfall. In his news release, Governor Walker explained that with a $4 billion budget deficit, the state must "leave no stone unturned as we look for new ways to fund state government." During the regular 2016 legislative session and the first special session, Walker submitted a proposed bill to the legislature that would have created a 6.0% personal income tax on residents and nonresidents. First special session HB 4004 would have required employers to withhold income tax from employee wages effective January 1, 2018.
Document ID: 2016-1555 | ||||||||||||||||||||
