Thomas Comments on Enactment of Fishing, Lands Bill - HB 344 & HB 273
THOMAS COMMENTS ON ENACTMENT OF FISHING, LANDS BILLS
Haines Rep’s HB 344, Wrangell Rep’s HB 273 signed into law
Friday, June 25, 2010, Haines, Alaska – House Finance Committee Vice-Chair Bill Thomas, R-Haines, today released the following statement regarding the enactment of House Bill 344 and HB 273. HB 344 extends the Salmon Product Development Tax Credit for property placed into service before December 2015 and adds ice making machines to the list of qualified expenditures eligible to receive the credit, which is up to 50-percent of the purchase cost. HB 273 completes land entitlements for the City and Borough of Wrangell and the Haines Borough. Thomas’s amendment in the House Finance Committee added 3,167 acres to the borough’s original general land grant.
“These two pieces of legislation are examples of how government can work best. We’re enhancing the quality and opportunity for our fish processors – the people who rely on A1 fish. And we’re giving our local governments a leg-up to grow their communities and expand their tax bases, which is necessary for them to offer opportunities for families and businesses; making their communities more viable and sustainable. In essence, the State is giving something back, instead of taking something in. We all stand to benefit from vibrant communities across the state – and must protect our salmon’s standing as the best, freshest, renewable resource on the market.”