Bill > HB284

This bill enacts significant changes to Alaska's tax structure, including the establishment of a statewide sales and use tax, modifications to local sales and use tax authority, and adjustments to oil and gas taxes. Key provisions include the creation of a new state sales tax at varying rates (4% and 2% seasonally) and a corresponding use tax, which will be administered by the state and collected by sellers, including remote sellers and marketplace facilitators. The bill also allows municipalities to levy their own sales and use taxes, which the state will administer and collect on their behalf, and introduces specific taxes on certain property and services at the local level. Furthermore, it amends the Multistate Tax Compact (MTC) to clarify definitions and rules for apportioning income for tax purposes, particularly for businesses operating in multiple states. The corporate income tax rate is set to zero percent. A new infrastructure maintenance surcharge of $0.15 per barrel on oil production is established, with the revenue directed to a pipeline corridor maintenance fund. The bill also adjusts the oil and gas production tax rates and payment schedules, and modifies certain tax credits and surcharges related to oil and gas production. Finally, the bill includes provisions for its effective date, which is contingent on the passage of other legislation and includes staggered implementation dates for various sections.

Budget and Finance

Rules (House)

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB284