HB156 — An Act relating to the taxation of income of individuals, partners, shareholders in S corporations, trusts, and estates; repealing tax credits applied against the tax on individuals under the Alaska Net Income Tax Act; and providing for an effective date.

HB156 — An Act relating to the taxation of income of individuals, partners, shareholders in S corporations, trusts, and estates; repealing tax credits applied against the tax on individuals under the Alaska Net Income Tax Act; and providing for an effective date. · Informed CitizenryHB 156 establishes a new chapter for Alaska income tax, specifically governing the taxation of individuals, trusts, and estates. The bill sets a tax rate of two percent on taxable income over $200,…Open in Informed Citizenry