Alaska tax refunds worth approximately $96 million

Posted: Sunday, June 10, 2001

ANCHORAGE (AP) -- The tax cut bill signed into law by President Bush Thursday will send some $96 million to Alaska.

About 226,000 refund checks will start showing up in the mail for Alaska residents on July 20. The last should be mailed by Sept. 28.

Individuals will see a refund of up to $300, while families will get up to $600.

Sen. Frank Murkowski, R-Alaska, said an analysis of the final bill indicates Alaskans will see about $2.8 billion dollars in tax savings from the bill over the next decade.

U.S. Rep. Don Young, R-Alaska, praised the bill, saying the cash infusion would jump-start the economy.

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