Anchorage 3% sales tax initiative proposed by Economic Development Corporation

  • 📰 AKNewsNow
  • ⏱ Reading Time:
  • 25 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 53%

Anchorage Economic Development Corporation News

AEDC,Alaska,Sales Tax

Anchorage business leaders are proposing is proposing a 3% sales tax for Anchorage.

A group called Project Anchorage is proposing a 3% sales tax for AnchorageANCHORAGE, Alaska - A coalition of Anchorage business leaders led by the Anchorage Economic Development Corporation announced the launch ofAEDC President Jenna Wright said the initiative would primarily lower property taxes for Anchorage residents and would also spur other economic activity.

The group is actively looking for ideas for projects to fund and is asking people to go its website to put in projects to be considered. Anchorage has never had a sales tax; an effort to introduce one in 2006 failed, and another effort in 2016 was withdrawn before it went to voters. The proposed tax wouldn’t be in effect for what the group called household necessities — things like groceries, gas, or medical expenses — it would cover other purchases, including food at restaurants.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 460. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 Earnings: Tech Sector Revisions Still Positive After Salesforce Last WeekStocks Analysis by Brian Gilmartin covering: S&P 500, Microsoft Corporation, FedEx Corporation, Oracle Corporation. Read Brian Gilmartin's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »