SB101 — An Act relating to the taxation of the income of individuals, partners, shareholders in S corporations, trusts, and estates; relating to a payment against the individual income tax from the permanent fund dividend disbursement; repealing tax credits applied against the tax on individuals under the Alaska Net Income Tax Act; and providing for an effective date.

SB101 — An Act relating to the taxation of the income of individuals, partners, shareholders in S corporations, trusts, and estates; relating to a payment against the individual income tax from the permanent fund dividend disbursement; repealing tax credits applied against the tax on individuals under the Alaska Net Income Tax Act; and providing for an effective date. · Informed CitizenrySB101 establishes a new chapter for Alaska Individual Income Tax, defining the tax rates for residents, nonresidents, trusts, and estates. It establishes specific tax brackets for individuals and j…Open in Informed Citizenry