Bill

Bill > SB164


AK SB164

Eliminate Tax Discounts


summary

Introduced
04/09/2025
In Committee
04/09/2025
Crossed Over
Passed
Dead

Introduced Session

34th Legislature

Bill Summary

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.

AI Summary

This bill eliminates various tax discounts and administrative fee deductions across multiple tax collection processes in Alaska. Specifically, the bill removes the 1% deduction (up to $100) that motor fuel dealers currently receive when filing timely monthly returns for refined or motor fuel taxes. It also eliminates the 0.4% deduction that tobacco licensees can currently retain when submitting monthly tax returns. Additionally, the bill removes the tiered discount system for cigarette stamps, which previously allowed licensees to receive discounts ranging from 0-3% based on the total value of stamps purchased in a calendar year. These changes mean that businesses will now be required to remit the full tax amount without any administrative compensation deductions. The bill is set to take effect on July 1, 2025, and will impact how various fuel, tobacco, and cigarette-related taxes are collected in the state. By removing these discounts, the bill aims to increase tax revenue by ensuring that the full tax amount is collected without any deductions.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

REFERRED TO LABOR & COMMERCE (on 04/09/2025)

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