• Mon. Apr 22nd, 2024

Alaska Town Ditches Business License Requirement, Saves $541k Annually

BySamantha Nguyen

Apr 3, 2024
Matanuska-Susitna Borough eliminates the need for business licenses

The Matanuska-Susitna Borough Assembly has voted unanimously to repeal the business license requirement for businesses operating in the borough, effective immediately. This decision comes after a 20-year review of the license’s usage and its redundancy with state and city requirements.

The business license requirement was first implemented in 1995 and required a $100 fee with renewal every two years. However, over 10,000 entities currently hold borough business licenses, and data from these registrations has not been used for economic development purposes for at least 20 years, primarily serving as a business tax. The repeal is expected to result in a loss of about $541,000 in annual income from license fees.

Borough officials plan to offset this loss by reallocating business license staff to focus on securing new federal funding sources through grant applications. The proposal to repeal the business license requirement was sponsored by Mayor Edna DeVries and assembly members Dee McKee and Rob Yundt, who believe that eliminating this requirement will benefit businesses and streamline the process of operating in the Matanuska-Susitna Borough.

While state and city requirements for business licenses still apply, businesses in Alaska must have a state-issued license with an annual fee of $50, and businesses in Mat-Su cities like Palmer, Wasilla, and Houston are required to carry a city-issued license for $25 per year. The repeal does not affect these requirements.

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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