Walker, Mallott File Income Reports

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Gov. Bill Walker and his wife each reported income of between $100,000 and $200,000 for the sale of their law firm.

The information is included on the financial disclosure Walker filed Sunday. The report, required for certain public officials, allows for a range to be given for income and gifts. It says the firm was sold Dec. 1, when Walker took office.

The Walkers each reported between $200,000 and $500,000 in capital gain on the sale of business properties.

Walker spokeswoman Grace Jang said the Walkers’ Bootlegger Cove LLC owned what she called the prime downtown property which housed the firm and another business condo. She said the capital gains are from the sale of those units. Bootlegger Cove has since dissolved.

The Walkers maintain interests in other real estate.

Lt. Gov. Byron Mallott reported at least $1 million in income upon resigning from the Alaska Air Group board.

Mallott, by email, said stock held as deferred income was transferred to him and taxed as ordinary income when he resigned from the board Dec. 1. He called it a one-time event after 32 years of service.

The financial disclosure report that public officials are required to file allow for ranges for the value of gifts and income.

A Mallott aide said Mallott didn’t have the exact figure with him, as he was traveling, but said it was around $1.7 million.

Mallott’s report also includes $20,000 to $50,000 in deferred compensation from Sealaska Corp. that Mallott says was triggered by his resignation from Sealaska’s board last year and is to be paid out annually.