Budget & Taxes (Procurement · Small Business) in Alaska

in committee · Alaska · House May 12, 2025

HB 30: An Act establishing the office of entrepreneurship; relating to new businesses in the state; relating to reports concerning procurements by agencies; and relating to initial business license fees for new businesses in the state.

HB 30 creates an Office of Entrepreneurship within the Department of Commerce to support new businesses in Alaska. It requires state agencies to annually report on contracts with new businesses, including demographic details and geographic locations, and to suggest ways to improve access for these businesses. The bill also waives the initial $50 business license fee for new businesses (as defined by state law) and mandates the Office to issue an annual report on legislation affecting new businesses. These changes aim to streamline support for new business growth and increase transparency in government contracting.

Topics ✓ Budget & Taxes

Sub-Topics Business Taxes Fees & Licensing Procurement Tags Small Business

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HB 30: An Act establishing the office of entrepreneurship; relating to new businesses in the state; relating to reports concerning procurements by agencies; and relating to initial business license fees for new businesses in the state.