Tax & Accounting Blog

Voters Across Alaska Largely Opposed to New Taxes; Favor Tax Holidays

Indirect Tax, ONESOURCE, Sales and Use Tax November 2, 2011

 Many cities and boroughs held elections across the state of Alaska in early October, with the message being mostly consistent amongst the locals – “no” to new taxes.  In the Kenai Peninsula Borough voters opposed a repeal of the seasonal sales tax exemption on non-prepared food, as well as a 0.1% sales tax increase for economic development.  In other areas, Juneau extended the temporary 3% sales tax for another 5 years, and Petersburg passed a measure which allows the city to declare two tax free days a year.  Sitka is still deciding whether to have their annual tax holiday which usually occurs at the end of November.