The Governor applauded today as HB 76 passed the State House on a vote of 33-6. The bill, if passed by the Senate, would end the automatic increase in Unemployment Insurance Tax.
The Governor said that as of March 15, the Alaska Unemployment Insurance Trust Fund had a balance of $257 million.
He said HB 76 would mean that Alaskans can keep more of their hard-earned money, and “while the federal government increases payroll taxes, we must do what we can to lessen Alaskans’ tax burden.”
The bill also includes the stipulation that Alaskan employers would continue to receive federal tax credits for unemployment insurance.