Alaska
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November 29, 2017State Rundown 11/29: Thanksgiving Leftovers Edition
The State Rundown is back from Thanksgiving break with a heaping helping of leftover state tax news, but beware, some of it may be rotten.
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August 2, 2017State Rundown 8/2: Legislative Tax Debates Wind Down as Ballot Initiative Efforts Ramp Up
Budget deliberations continue in earnest this week in Alaska, Connecticut, Pennsylvania, and Rhode Island. In South Dakota and Utah, the focus is on gearing up for ballot initiative efforts to…
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July 11, 2017State Rundown 7/11: Some Legislatures Get Long Holiday Weekends, Others Work Overtime
Illinois and New Jersey made national news earlier this month after resolving their contentious budget stalemates. But they weren’t the only states working through (and in some cases after) the…
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June 28, 2017State Rundown 6/28: States Scramble to Finish Budgets Before July Deadlines
This week, several states attempt to wrap up their budget debates before new fiscal years (and holiday vacations) begin in July. Lawmakers reached at least short-term agreement on budgets in… -
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June 21, 2017State Rundown 6/21: Crunch Time for Many States with New Fiscal Year on Horizon
This week several states rush to finalize their budget and tax debates before the start of most state fiscal years on July 1. West Virginia lawmakers considered tax increases as… -
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June 14, 2017State Rundown 6/14: Some States Wrapping Up Tax Debates, Others Looking Ahead to Next Round
This week lawmakers in California and Nevada resolved significant tax debates, while budget and tax wrangling continued in West Virginia, and structural revenue shortfalls were revealed in Iowa and Pennsylvania.…
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June 7, 2017State Rundown 6/7: Kansas Success Story and Other State News
This week, we celebrate a victory in Kansas where lawmakers rolled back Brownback's tax cuts for the richest taxpayers. Governors in West Virginia and Alaska promote compromise tax plans. Texas… -
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May 18, 2017State Rundown 5/18: Tax Debate Heat Wave Hitting States
This week saw tax debates heat up in many states. Late-session discovered revenue shortfalls, for example, are creating friction in Delaware, New Jersey, and Oklahoma, while special sessions featuring tax… -
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April 25, 2017Income Tax Offers Best Bang for the Buck in Alaska
Earlier this month the Alaska House of Representatives voted 22-17 in favor of implementing a personal income tax for the first time in over 35 years. Gov. Bill Walker praised…
By the Numbers
Personal Income Tax Features (2015) | |
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Range of Tax Rates | N/A |
Standard Deduction |
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Personal Exemption | N/A |
Dependent Exemption | N/A |
Earned Income Tax Credit (EITC) | None |
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Corporate Income Tax Features (2015) | |
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Range of Tax Rates | N/A |
Income Level at Which Top Rate Applies | N/A |
Combined Reporting | 1.00% - 9.40% |
Apportionment Factor (Payroll) | $220,000 |
Apportionment Factor (Property) | Yes |
Apportionment Factor (Sales) | 33% |
Sales Tax Features (2015) | |
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State Sales Tax Rate | N/A |
Average Local Sales Tax Rate | 1.3% |
Average Combined State & Local Sales Tax Rate | 1.3% |
State Sales Tax Treatment of Groceries | N/A |
Local Sales Tax Treatment of Groceries | Taxed |
Number of Services Taxed | 1 out of 168 surveyed (2007) |
Streamlined Sales Tax Membership | No |
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Property Tax Features (2015) | |
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Other Tax & Revenue Features (2015) | |
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Gasoline Tax Rate (per gallon) | $0.11 |
Diesel Tax Rate (per gallon) | $0.08 |
Cigarette Tax Rate (per pack) | $2.00 |
Estate or Inheritance Tax | No |
Net Lottery Sales Per Capita | N/A |
Tax Policy Oversight | |
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Tax Expenditure Report | One-time release only |
Tax Incidence Analysis Capability | None |
Last updated January 13, 2015
RESOURCES
State Tax & Revenue Information
- Alaska Department of Revenue - Tax Division
- Alaska Office of Management & Budget
- Alaska Legislature - Legislative Finance Division
- Alaska Legislature - Legislative Research Division