Governor Parnell Supports Tax Credits for Alaska Tourism Marketing
October 6, 2009, Fairbanks, Alaska – Noting how hard-hit Alaska’s travel industry has been by the recession, Governor Sean Parnell today announced support for corporate income tax credits to incentivize greater Alaska tourism marketing. The income tax credits will go to seaside operators, or cruise lines, that contribute to the general Alaska marketing program implemented by the Alaska Travel Industry Association on behalf of the state. “Our travel industry faces serious challenges,” Governor Parnell said. “To lure visitors to Alaska, we have to be able to compete through top-notch marketing of Alaska’s wonders. The tax credit can provide a consistent source of dollars to pay for that marketing.” Speaking to the Alaska Travel Industry Association’s annual convention in Fairbanks, the governor offered his support to keep tourism a strong, vibrant and growing piece of Alaska’s economy. “This will be a good shot in the arm toward a well-funded tourism marketing budget – a step in the right direction to put Alaska’s tourism industry and the state’s economy back on the path to recovery and on the road to a healthy future,” Governor Parnell said.
There are two bills in the legislature addressing tax credits for cruise lines.