Alaska
What's New
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blog
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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blog
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…
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report
April 24, 2017Comparing the Distributional Impact of Revenue Options in Alaska
Alaska is facing a significant budget gap because of a sharp decline in the oil tax and royalty revenue that has traditionally been relied upon to fund government. This report…
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press release
April 23, 2017New Analysis: Average Alaskan Would Pay Less Under Income Tax Than Under Other Fiscal Options
Cutting the Permanent Fund Dividend (PFD) or Implementing a Sales Tax Would Be Costlier than Income Tax for Most Alaskans A new analysis by the Institute on Taxation and Economic… -
report
April 4, 2017Testimony before the Alaska House Labor & Commerce Committee On House Bill 36
Thank you for the opportunity to testify on the changes House Bill 36 would make to Alaska's tax treatment of pass-through income. The taxation of pass-through business entities has been… -
blog
March 29, 2017Seeking the Right Balance in Alaska
It’s been a little over a year since Alaska Gov. Bill Walker proposed implementing a state personal income tax for the first time in 35 years, and the idea is now…
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report
March 28, 2017Assessing the Distributional Consequences of Alaska’s House Bill 115 (Version L)
This report contains ITEP's analysis of the distributional and revenue consequences of the revised version of House Bill 115 (Version L) as proposed on March 23, 2017. This proposal would… -
blog
January 25, 201747 Years Later, Alaska Considers Playing Catch-Up with its Motor Fuel Tax
Alaska Gov. Bill Walker recently proposed tripling the gasoline and diesel tax rates paid by Alaska motorists to generate funding for the state’s infrastructure. In a different state, tripling the… -
report
January 25, 2017Alaska’s Motor Fuel Tax: A National and Historical Outlier
Alaska Gov. Bill Walker recently proposed tripling his state's motor fuel tax rates.[1] While a variety of fuel types would be affected by this proposal, three-fourths (or $60 million) of…
By the Numbers
| Personal Income Tax Features (2015) | |
|---|---|
| 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) | |
|---|---|
| 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) | |
|---|---|
| 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) | |
|---|---|
| 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 | |
|---|---|
| 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