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Alaska2026Vetoed

HB280

HB280: Rules for Sharing Business Income Across States

Last scannedAug 22, 2026, 12:25 AM

In one sentence

This bill enacts the Multistate Tax Compact into Alaska law to set rules for how businesses split their income among different states when paying taxes.

What it does

  • Enacts the Multistate Tax Compact into state law so it applies in Alaska.
  • Allows companies doing business in multiple places to choose between using this compact or existing state laws to calculate tax shares.
  • Sets a special rule for businesses with only sales activity and under $100,000 in gross receipts within the state to pay taxes based on a percentage of that volume.
  • Defines specific terms like 'business income,' 'commercial domicile,' and types of taxes covered by the agreement.
  • Includes rules for how broadcasters, financial institutions, and telecommunications providers split their taxable income.

Who it affects

  • Corporations, partnerships, or other business entities operating in more than one state.
  • Broadcasters doing business across state lines.
  • Financial organizations such as banks, credit unions, insurance companies, and savings associations.
  • Telecommunications service providers.

Limits and unknowns

  • This bill was vetoed by the governor on June 18, 2026, so it did not become law unless lawmakers later overrode that decision.
  • The text provided does not state if or when an override vote occurred.

Plain language

Terms to know

Multistate Tax Compact
An agreement between states to create uniform rules for taxing businesses that operate in more than one state.
Apportionment
The process of dividing a company's total income among different states based on where the business operates.
Commercial Domicile
The main place from which a taxpayer directs or manages their trade or business.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill textStored full record

Official summary

APPORTION TAXABLE INCOME An Act relating to the Multistate Tax Compact; relating to apportionment of income to the state, including the apportionment of income of broadcasters, financial institutions, and telecommunications service providers; and providing for an effective date.

Official activity

Bill history

  1. (H) VETOED BY GOVERNOR 6/18/263117
  2. (H) 10:44 A.M. 6/1/26 TRANSMITTED TO GOVERNOR3046
  3. (H) EFFECTIVE DATE(S) SAME AS PASSAGE2984
  4. (H) CONCUR AM OF (S) Y28 N11 A12983
  5. (H) CONCUR MESSAGE TAKEN UP2983
  6. (H) CONCUR MESSAGE RECEIVED2983
  7. (S) VERSION: SCS CSHB 280(FIN)2904
  8. (S) TRANSMITTED TO (H) AS AMENDED2904
  9. (S) EFFECTIVE DATE(S) SAME AS PASSAGE2843
  10. (S) PASSED Y17 N32843
  11. (S) READ THE THIRD TIME SCS CSHB 280(FIN)2842
  12. (S) FINANCE at 01:30 PM SENATE FINANCE 532Text
  13. (S) ADVANCED TO THIRD READING 5/20 CAL2777
  14. (S) FIN SCS ADOPTED UC2777
  15. (S) READ THE SECOND TIME2777
  16. (S) RULES TO CALENDAR 5/19/20262777
  17. (S) FN2: (REV)2755
  18. (S) NR: STEDMAN, KAUFMAN, CRONK, MERRICK, KIEHL2755
  19. (S) DP: OLSON, HOFFMAN2755
  20. (S) FIN RPT SCS 2DP 5NR SAME TITLE2755

Changes

Amendments

4 stored

AM 1

AM NO 1 FAILED Y19 N19 E2 1995

AM 2

AM NO 2 FAILED Y18 N20 E2 1997

AM 3

AM NO 3 FAILED Y4 N34 E2 1998

AM 4

AM NO 4 FAILED Y1 N37 E2 2000