Alaska

Alaska does not have an individual state income tax. However, there is a corporate net income tax. Alaska also imposes various other taxes, mainly on businesses. These include the alcoholic beverage tax, commercial passenger vessel excise tax, commercial passenger vessel gambling tax, electric and telephone cooperative tax, employment security tax, mining license tax, fisheries tax, motor fuel tax, and the tobacco tax. All of these taxes are administered by the Tax Division.

Corporations doing business in Alaska must file a Corporation Net Income Tax Return by March 15, or by the 15th day of the third month after their fiscal year ends. The tax rates range from a low of 1% to a high of 9.4%, for taxable net income of $90,000 or more.

Alaska does not have a state sales tax, but some municipalities do collect a local sales tax. Some municipalities also impose bed taxes and property taxes.

For general information regarding Alaska’s taxes or to find and download forms, visit the Tax Division’s website at www.tax.alaska.gov.

Are you looking for a CPA, Accounting Firm, or Financial Advisor to assist you with your Alaska tax reporting, bookkeeping, or general accounting needs? Try the CPA Search feature on this website.