Alaska
By the Numbers

Alaska Below is a snapshot of key features of Alaska's tax system. (Scroll Down)
State & Local Revenue (FY10)
  • General Revenue, Own-Source (GROS): $10.8 billion
  • General Revenue as a Share of Income: 35.2%
  • Tax Revenue: $6.2 billion
  • Tax Revenue as Share of income: 20.2%
  • Personal Income Tax (Share of Tax Revenue): 0.0% (51 out of 51)
  • Corporate Income Tax (Share of Tax Revenue): 10.4 % ( 1 out of 51)
  • Sales & Excise Tax (Share of Tax Revenue): 10.9 % ( 50 out of 51)
  • Property Tax (Share of Tax Revenue): 21.4 % ( 42 out of 51)
  • Other Taxes (Share of Tax Revenue): 56.0 % (1 out of 51)
Personal Income Tax Features (2012)
  • Range of Tax Rates: N/A
  • Standard Deduction: N/A
  • Personal Exemption: N/A
  • Dependent Exemption: N/A
  • Earned Income Tax Credit (EITC): None
  • No broad based personal income tax
Corporate Income Tax Features (2012)
  • Range of Tax Rates: 1.00% - 9.40%
  • Income Level at Which Top Rate Applies: $90,000
  • Combined Reporting: Yes
  • Apportionment Factor (Payroll): 33%
  • Apportionment Factor (Property): 33%
  • Apportionment Factor (Sales): 33%
Sales Tax Features (2012)
  • State Sales Tax Rate: N/A
  • Average Local Sales Tax Rate: 1.35%
  • Average Combined State & Local Sales Tax Rate: 1.35%
  • 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
  • State taxes consumption of hotels, motels, and lodging
Property Tax Features (2012)
  • Provides a local option homestead exemption.
  • Provides large homestead exemption for the elderly and disabled.
Other Tax & Revenue Features (2012)
  • Gasoline Tax Rate (per gallon): $0.08
  • 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 October 4, 2012

Sources & Glossary