The proposed bill seeks to amend Alaska's tax laws, focusing on the Multistate Tax Compact, income apportionment, and the introduction of a state sales and use tax. Key provisions include the establishment of a new sales tax rate of zero percent on retail sales, replacing the previous tiered rates, and modifications to the oil production tax structure, increasing the minimum tax rate from six to four percent when oil prices exceed $25 per barrel. The bill also outlines the responsibilities of municipalities to levy specific taxes, such as local sales taxes, and clarifies definitions related to income apportionment for taxpayers engaged in business activities. Additionally, the bill introduces a new infrastructure maintenance surcharge of $0.15 per barrel of oil produced, which will fund maintenance along the pipeline corridor. It establishes a framework for tax administration, including provisions for timely filing, electronic registration, and the ability for the Department of Revenue to enter into agreements with other states to streamline tax processes. The legislation aims to modernize tax regulations, enhance compliance, and ensure equitable revenue collection while providing clearer guidelines for taxpayers.

Statutes affected:
HB0284A, AM HB 284, introduced 01/28/2026: 28.10.021, 28.05.041, U.S.C, 43.44.010, 28.20.400, 28.22.011, 29.10.200, 29.45.650, 29.45.700, 29.45.655, 29.35.110, 29.35.170, 04.21.010, 29.45.750, 29.45.660, 29.45.020, 29.45.810, 36.10.005, 43.05.230, 43.05.499, 43.19.010, 43.20.011, 43.20.143, 43.20.144, 43.44.490, 43.44.030, 43.44.040, 43.44.430, 43.44.400, 43.44.100, 39.52.960, 47.25.975, 43.44.210, 08.68.700, 43.44.200, 43.44.220, 43.44.340, 43.44.230, 43.44.240, 43.44.300, 43.44.310, 43.44.320, 43.44.330, 43.44.350, 43.44.360, 43.44.370, 43.44.380, 43.44.390, 43.44.410, 43.44.420, 43.55.011, 43.55.020, 43.55.165, 43.55.170, 43.55.160, 43.55.024, 43.55.023, 43.55.201, 43.55.299, 43.55.300, 43.55.320, 43.55.014, 43.55.025, 43.55.310, 43.55.325, 43.55.900, 29.05.210