Alaska Legislature approves corporate tax revenue-raising measure on online businesses

Alaska Legislature approves corporate tax revenue-raising measure on online businesses

The measure is intended to raise new state revenue for reading initiatives and career and technical education.

To fund education programs, Alaska lawmakers look to tax Netflix and Amazon

The facade of the Alaska State Capitol in Juneau on May 22, 2024. The Alaska House is scheduled to vote Wednesday on a change to corporate income taxes that could raise millions of dollars as the state faces deficits and an uncertain financial future. It’s also tied to funding for two key elements of an education bill pending on the governor’s desk. Senate Bill 113 would change the way many companies calculate their state corporate income taxes.…

Legislature approves first tax in years as Alaska’s financial picture turns grim - The Alaska Current

With a 26-14 vote in the House, the Alaska Legislature approved the first new major revenue source in years on Wednesday. The measure, Senate Bill 113, would overhaul the state’s corporate tax system to apply to profits from businesses selling goods and services in Alaska, rather than just those physically based in the state. The move aims to capture revenue from Outside online companies and is expected to generate between $25 million and $65 mi…

Reporting From Alaska- Dunleavy's office claims it never drafted tax bill. Here is the bill it drafted.

Gov. Mike Dunleavy’s spokesman claims the Dunleavy administration never drafted anything even close to Senate Bill 113, the bill that could generate $25 million to $65 million from Outside corporations doing business in Alaska online.“The Dunleavy administration has never officially proposed the new tax measure contained in Sen. Wielechowski’s bill, and it never drafted a bill even remotely like it,” said Jeff Turner, who has spent years claimin…