Budget & Taxes (Business Taxes)

signed · Alaska · House Jul 30, 2025

HB 123: An Act relating to vehicle rental taxes; relating to the issuance of subpoenas related to tax records; and providing for an effective date.

HB 123 adjusts Alaska's passenger vehicle rental tax rates, imposing a 9% tax on traditional rentals (not arranged through a platform) and a 7% tax on rentals arranged through a vehicle rental platform. It requires platforms handling over 200 annual transactions to collect and pay the tax, provide related records to the Department of Revenue, and specifies platforms aren't liable for tax collection failures if they made reasonable efforts to obtain accurate information from vehicle providers. The bill also clarifies that the Department of Revenue can seek court orders to compel compliance with subpoenas for tax records, strengthening enforcement mechanisms.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes new tax rates (7-9%) on vehicle rentals and mandates collection by platforms, directly increasing state revenue through tax administration.95% confidence

Sub-Topics Business Taxes

signed · Alaska · Senate Jun 19, 2026

SB 164: An Act eliminating deductions for the remittance of the motor fuel tax, tobacco taxes, and tire fees; relating to discounts on cigarette stamps; and providing for an effective date.

SB 164 eliminates deductions that businesses could retain to cover accounting costs when paying motor fuel tax, tobacco taxes, and tire fees. It removes a 1% deduction (capped at $100) for fuel tax remittances and a 0.4% deduction for tobacco tax returns. The bill also repeals provisions allowing tobacco licensees to receive discounts on cigarette stamps based on purchase volume. These changes take effect July 1, 2025, requiring businesses to pay the full tax amount without these deductions.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates business tax deductions and discounts, increasing state revenue without reducing tax burden on consumers.95% confidence

Sub-Topics Business Taxes

in committee · Alaska · Senate Apr 15, 2025

SB 175: An Act establishing a net corporate income tax exemption for entities in Port MacKenzie; and providing for an effective date.

SB 175 creates a tax exemption for corporations primarily operating in Port MacKenzie, removing their requirement to pay Alaska's net corporate income tax. This directly affects businesses located within the Port MacKenzie area. The bill adds a new provision to Alaska's tax code (AS 43.20.012(e)) specifying this exemption, while repealing the existing related section. The exemption takes effect immediately, but the repeal of the old rule is scheduled for July 1, 2035.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates corporate tax exemption reducing state revenue, weakening fiscal management without public benefit or offsetting measures.92% confidence

Sub-Topics Business Taxes Tax Incentives

Track

in committee · Alaska · House Mar 25, 2026

HB 152: An Act establishing an education tax on the income of individuals, partners, shareholders in S corporations, trusts, and estates; repealing tax credits applied against the tax on individuals under the Alaska Net Income Tax Act; and providing for an effective date.

HB 152 establishes a new 4% education tax on income exceeding $150,000 for single filers or $300,000 for joint filers, applying to Alaska residents and nonresidents with income connected to the state. It also imposes a $150 annual tax on individuals with wages or self-employment income in Alaska. The bill repeals certain tax credits under Alaska’s existing income tax law. It directly affects individuals, S corporation shareholders, trusts, and estates with taxable income in Alaska, shifting tax burden toward higher earners to fund education. The tax takes effect upon enactment, with specific rules for nonresidents and trusts.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new 4% education tax on high earners to fund public education, directly advancing fiscal management for essential services per bill's purpose.95% confidence ✓ EducationSupports EducationImposes 4% education tax on high earners to fund schools, directly increasing education revenue per bill's title and summary.95% confidence

Sub-Topics Business Taxes Income Tax

Track

in committee · Alaska · House May 7, 2025

HB 219: 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.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credit for CTE business investments, reducing state tax liability. Directly provides tax relief through incentive structure, aligning with support indicators.95% confidence ✓ EducationSupports EducationCreates tax credit for business investments in CTE infrastructure, programs, and instructor salaries, directly funding career education expansion.95% confidence

Sub-Topics Business Taxes Career & Technical Education

Track

in committee · Alaska · House May 9, 2025

HB 190: An Act relating to the insurance tax education credit; relating to the income tax education credit; relating to the oil or gas producer education credit; relating to the property tax education credit; relating to the mining business education credit; relating to the fisheries business education credit; relating to the fisheries resource landing tax education credit; renaming the day care assistance program the child care assistance program; relating to the child care assistance program and the child care grant program; and providing for an effective date.

HB 190 expands tax credit opportunities for businesses by adding multiple new education-related credits to Alaska's tax code. It allows businesses to claim credits against state taxes for contributions to educational programs, including Alaska Native cultural initiatives, vocational training, coastal ecosystem learning centers, and nonprofit child care facilities serving employees' children. The bill also renames the "day care assistance program" to "child care assistance program" and connects it to related grant programs. These changes directly affect businesses making qualifying contributions to education or child care services in Alaska, providing financial incentives for such support. The policy creates concrete tax credit mechanisms without altering existing program structures.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands business tax credits (e.g., education, child care) reducing state tax revenue, aligning with tax relief indicators for fiscal policy advancement.95% confidence ✓ EducationSupports EducationExpands business tax credits for educational programs including vocational training, Alaska Native cultural initiatives, and child care, incentivizing private funding for education access and support.95% confidence

Sub-Topics Business Taxes Career & Technical Education Early Childhood

Track

in committee · Alaska · House Mar 10, 2025

HB 113: An Act relating to a tax exemption for qualified small businesses; and providing for an effective date.

HB 113 creates a tax exemption for certain Alaska corporations classified as "qualified small businesses" under federal tax code (26 U.S.C. §1202 as of January 2012). It directly affects eligible Alaska-based small businesses that meet federal active business requirements, excluding construction, transportation, utility, and fisheries businesses. The bill clarifies that qualifying corporations must be incorporated in Alaska or authorized to operate there, and treats parent-subsidiary groups as a single entity for exemption purposes. The exemption applies to tax years beginning after the bill's effective date, which is immediate under Alaska law. This is a direct policy change modifying tax liability for qualifying businesses, not a procedural or commemorative measure.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax exemption for qualified small businesses, providing tax relief and aligning with economic development under taxation policy.95% confidence

Sub-Topics Business Taxes Tax Incentives Tags Small Business

Track

in committee · Alaska · Senate Apr 15, 2025

SB 135: An Act relating to the sharing of tax revenue from the fisheries business tax and fishery resource landing tax with municipalities; relating to municipal reports on the shared tax revenue; and providing for an effective date.

SB 135 changes how Alaska distributes tax revenue from fisheries business and landing taxes to municipalities. It increases the share for unified municipalities/unorganized borough cities from 50% to 60% and for cities within boroughs from 25% to 35% of collected taxes. Boroughs receive 60% of revenue from outside cities and 35% from cities within their boundaries. Newly incorporated boroughs (post-1987) get phased-in percentages over three years, and the bill requires municipalities to use these funds for harbor facility maintenance and improvements.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases municipal tax revenue shares from 50%/25% to 60%/35%, directly advancing local budget funding through revised revenue sharing.95% confidence

Sub-Topics Business Taxes Revenue

Track

in committee · Alaska · Senate May 9, 2025

SB 92: An Act establishing an income tax on certain entities producing or transporting oil or gas in the state; and providing for an effective date.

SB 92 establishes a 9.4% income tax on oil and gas producers and transporters in Alaska with annual "qualified taxable income" exceeding $5 million. The tax applies to sole proprietorships, partnerships, and certain pass-through entities filing under IRS Section 1361-1379, calculated on income from oil/gas production or pipeline transportation (minus dividends, gifts, and owner compensation). Revenue from this tax will fund energy and electrical grid projects through a dedicated state fund. The bill defines "qualified taxable income" as gross oil/gas revenue before deducting specific payments to owners or partners.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates new tax on oil/gas entities to fund energy infrastructure projects via dedicated state fund, directly advancing fiscal management through new revenue allocation.95% confidence ✓ EnergySupports EnergyBill imposes tax on oil/gas producers to fund energy grid projects, directly advancing energy infrastructure investment per its summary and subjects list.95% confidence

Sub-Topics Business Taxes Oil & Gas Pipeline Infrastructure

Track

in committee · Alaska · Senate May 2, 2025

SB 138: An Act relating to vehicle rental taxes; relating to the issuance of subpoenas related to tax records; and providing for an effective date.

SB 138 adjusts Alaska's passenger vehicle rental tax rates, imposing a 10% tax on traditional rentals (not arranged through a platform) and an 8% tax on rentals arranged through a vehicle rental platform (like apps or websites). It requires platforms with over 200 annual transactions to collect and pay the tax, provide tax records to the state, and exempts them from liability if they made reasonable efforts to obtain correct information from vehicle owners. The bill also prohibits the state from collecting taxes for platform rentals that occurred before the bill's effective date. This primarily affects rental companies and platforms meeting the transaction threshold, with no retroactive tax collection for prior platform transactions.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new tax rates (10%/8%) on vehicle rentals, requires platforms to collect/pay tax, and ensures compliance - directly increasing state revenue collection under taxation policy.95% confidence

Sub-Topics Business Taxes

Track