Session: State Capitol, Room 411 Juneau, AK 99801-1182 Toll Free: (877) 465-3004 Phone: (907) 465-3004 Fax: (907) 465-2070 Interim: 119 North Cushman Street, Room 213 Fairbanks, AK 99701-2879 Phone: (907) 452-1088 Fax: (907) 452-1146

Sponsor Statement for HB 303
State Seasonal Sales Tax

An Act relating to the levy and collection of a sales tax; and providing for an effective date.

The Legislature has the responsibility to balance the State's budget. A reasonable approach consists of four components:

• Cost Control
• A Broad Based Tax
• Some Usage of Permanent Fund Earnings
• Economic Growth

House Bill 303 proposes a state-wide sales tax for consideration as a part of a long-term budget plan.

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