Alaskans to use tax credits to aid energy efficiency & air quality

By Akshay Kedari  | Date: 2020-03-30

Alaskans to use tax credits to aid energy efficiency & air quality

Local government authorities in Alaska have reportedly approved a bill that allows the creation and utilization of property tax credit to enhance air quality and energy efficiency. Sources cite that the Senate has accepted the bill with a 17-1 vote and is now with Mike Dunleavy, Republic Governor, for final approval.

Speaking on the move, Grier Hopkins, Bill Sponsor and Democratic state Rep., Alaska, said that this bill would allow businesses and homeowners to maximize money circulating in local economies. Several government authorities are seeking new ways to reduce energy consumption and the bill offers them a new option that would help accelerate local economies.

As per reports, the bill will not direct or mandate governments, but instead will aid government authorities to offer solutions to local problems. Cities and boroughs will use energy-efficient construction to enhance air quality using filtration, ventilation, and heating systems.

Click Bishop, Republican state Senate, envisioned that boroughs and cities will be working with banks and builders to get tax credits, so when they start building the money would stay local and help Alaska’s residents to work

The bill was initially requested by the Fairbanks North Star Borough and was endorsed by several organizations including the Alaska Municipal League, Alaska State Home Building Association, and Alaska Miners Association.

Meanwhile, like every other state, Alaska is undertaking all necessary steps to fight the global pandemic. The states’ Governor, Mike Dunleavy, with Alaska’s DHSS (Department of Health and Social Services) issued the 11th and 12th health mandate to safeguard the health of residents and restrict the spread of the virus.

Mandate 011 states that all residents, except for those who are engaged in important health care services, essential business activities, and public government services, are mandated to stay at their residence and implement social distancing, effective from 28 March 2020. The mandate will again be re-evaluated by 11 April 2020, cite reports.

Source Credit - https://www.seattletimes.com/seattle-news/northwest/alaska-residents-to-use-tax-credits-to-increase-air-quality/

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

McDonald’s to leave Russia after 30 years amidst Ukraine’s invasion

McDonald’s to leave Russia after 30 years amidst Ukraine’s invasion

By Akshay Kedari

After Ukraine’s invasion, multinational fast-food giant McDonald's Corp. is reportedly planning to sell all its restaurants in Russia, pulling operations from the nation after 30 years. The world's biggest fast-food chain closed 847 ...

Berlin’s GetHenry bags USD 17.4 Mn seed funding for business expansion

Berlin’s GetHenry bags USD 17.4 Mn seed funding for business expansion

By Akshay Kedari

GetHenry, a Berlin-based company that offers couriers and logistics organizations electric last-mile delivery bikes, has reportedly raised USD 17.4 million seed round to grow its operations across Europe. The latest investment round was led by LocalG...

Ferrari to equip the upcoming Purosangue with its trademark V12 engine

Ferrari to equip the upcoming Purosangue with its trademark V12 engine

By Akshay Kedari

Italian luxury sports car manufacturer Ferrari S.p.A. will equip its much-awaited Purosangue SUV with a 12-cylinder engine, as it focused more on fuel-efficient models. Confirming the news, Ferrari Chief Executive Benedetto Vigna claimed that the com...

White House to spend USD 3 billion on EV battery manufacturing in U.S.

White House to spend USD 3 billion on EV battery manufacturing in U.S.

By Akshay Kedari

According to reliable sources, the Biden administration is planning to provide USD 3 billion in finance to reinforce EV battery manufacturing capabilities in the United States. The apparent funds will be issued by the Department of Energy from Presid...

Telefonica eyeing Israel’s high-tech sector to improve its portfolio

Telefonica eyeing Israel’s high-tech sector to improve its portfolio

By Akshay Kedari

Telefonica S.A. is planning to increase its investments in Israel’s high-tech sector this year, a senior official reported recently. The company, which is Europe’s third-largest telecommunications company, is also eyeing the country&rsquo...