• Sat. Apr 20th, 2024

Matanuska-Susitna Borough Repeals Business License Requirement: A Win for Businesses and Simplification of Operations

BySamantha Jones

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

The Matanuska-Susitna Borough Assembly has unanimously voted to repeal the business license requirement for businesses operating in the borough, starting this week. This decision comes after a proposal 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.

The license was first implemented in 1995 and required a $100 fee with renewal every two years. Businesses that paid for a license prior to the repeal will not receive a refund. Despite this repeal, state and city requirements for business licenses still apply. Businesses in Alaska must have a state-issued license with a $50 annual fee, and businesses in Mat-Su cities like Palmer, Wasilla, and Houston are required to carry a city-issued license for $25 per year.

Over 10,000 entities currently hold borough business licenses. Data from these registrations has not been used for economic development purposes for at least 20 years and is primarily used as a business tax. The repeal is expected to result in a loss of about $541,000 in annual income from license fees. However, borough officials hope to offset this loss by reallocating business license staff to focus on securing new federal funding sources through grant applications.

Business registration information that was previously used to contact companies about regulation changes and programs is duplicated in state data, making the license requirement redundant. By removing this requirement, businesses can save time and money on licensing fees while also simplifying their operations within the Matanuska-Susitna Borough.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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