• Thu. Apr 25th, 2024

Revolutionizing Business Operations: Matanuska-Susitna Borough Ditches Unused Business License Requirement

BySamantha Nguyen

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 was made after 20 years of data from registrations not being used for economic development purposes and primarily serving as a business tax. Over 10,000 entities currently hold borough business licenses.

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.

The proposal to repeal the business license requirement was sponsored by Mayor Edna DeVries and assembly members Dee McKee and Rob Yundt. They believe that eliminating this requirement will benefit businesses and streamline the process of operating in the Matanuska-Susitna Borough. 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.

By Samantha Nguyen

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