Alaska2026Passed Legislature

HB219

Career and Technical Education Tax Credit

Last scannedSep 20, 2026, 12:32 AM

In one sentence

This law creates a tax credit for corporations that spend money on career and technical education infrastructure, instruction, curriculum development, staff, or student housing.

Creates the Power Alaska's Workforce Tax Credit Act to encourage private investment in workforce training.
Allows taxpayers to claim credits for costs like building fabrication labs, maintaining facilities, hiring instructors, developing lessons, and providing student dorms.
Stops a taxpayer from using this credit if it would lower their total tax bill below zero in one year.
Lets taxpayers sell, trade, transfer, or save unused credits; sold or transferred credits are worth 80% of the original amount.
Prevents taxpayers from claiming both this credit and another education tax credit for the same expense.

Corporations that pay taxes under Alaska law chapter AS 43.20
Students who may gain access to career and technical education facilities or housing funded by these credits

The law does not state a maximum dollar amount for the credit.
It is unclear how much total money will be available if many companies claim this credit at once.
While the act takes effect immediately, no specific calendar date is listed in the text.

Plain language

Tax credit: An amount that reduces the total tax a company must pay.
Qualifying expenditure: Money spent on building or maintaining labs and facilities, administration, staff, curriculum development, or student housing for career training.

Official record

Validated

CAREER/TECH EDUCATION TAX CREDIT An Act relating to a tax credit for career and technical education; and providing for an effective date.

Official activity