An Act relating to a tax credit for career and technical education; and providing for an effective date.

HB 219 creates a state income tax credit for businesses that invest in career and technical education (CTE) infrastructure and programs. It directly affects businesses that fund qualifying CTE activities, including constructing training facilities, paying instructors, developing curricula, or providing student housing. The credit allows businesses to reduce their state tax liability by up to the full amount of eligible investments, with unused portions transferable at 80% value to other tax years or entities. The bill explicitly prohibits claiming this credit for expenses already covered under existing education tax credits. It applies to corporations subject to Alaska’s income tax for tax years beginning after its effective date.