Legislature Acts to Save Small Businesses Money
Costello’s HB 32 removes burden of having multiple business licenses
Tuesday, April 22, 2014, Juneau, Alaska – The 28th Alaska Legislature today passed legislation aimed at saving small businesses time and money. House Bill 32, by Representatives Mia Costello and Shelley Hughes, removes the burden of having to purchase multiple business licenses if the business performs various activities under the same business name.
Under current law, businesses have to purchase a separate business license for each area of specialization. For example, an individual that plows driveways in the winter and sells firewood in the fall must currently purchase two business licenses. “Small business should not be required to subsidize government through duplicative fees,” Costello, R-Anchorage, said.
“HB 32 is an example of Alaska giving a hand up and allowing greater flexibility for the small businesses that diversify our economy,” Costello said. “It is a step towards economic growth and innovation.”
In addition to allowing businesses to purchase a single license, the bill allows owners to make one change to their license without purchasing a new license.
“Small businesses are the heart and soul of our communities in Alaska and provide essential jobs, “Rep. Shelley Hughes, R-Palmer, said. “Reducing costs and paperwork will encourage business expansions and startups – creating new opportunities for Alaskans.”
The bill also reduces the fee from $50 to $25 a year if the business is a sole proprietorship and the owner is a disabled veteran.
HB 32, which passed the House and Senate unanimously, now goes to the Governor for signature.
Posted: April 22, 2014