An Act relating to the Multistate Tax Compact; relating to apportionment of income to the state, including the apportionment of income of broadcasters, financial institutions, and telecommunications service providers; and providing for an effective date.

HB 280 would enact the Multistate Tax Compact into Alaska law, creating a system for businesses operating in multiple states to determine their tax obligations. This would primarily affect multistate businesses, including those that are highly digitized, by establishing rules for how their income is apportioned across states and preventing duplicate taxation. The bill would amend Alaska Statute 43.19.010 to incorporate the Compact's framework for tax administration.