Alaska2026Passed Legislature
SB175
Tax Exemption for Port MacKenzie Corporations
Last scannedSep 21, 2026, 12:32 AM
In one sentence
This bill creates a net corporate income tax exemption for corporations primarily operating in Port MacKenzie that will end on July 1, 2035.
What it does
- Creates an exemption from the state's net corporate income tax for corporations primarily operating in Port MacKenzie.
- Amends Alaska Statute AS 43.20.012 by adding a new subsection (e) to establish this rule.
- Sets the start date of the tax break to take effect immediately upon passage.
- Schedules the repeal of this exemption to happen on July 1, 2035.
Who it affects
- Corporations that primarily operate in Port MacKenzie
Limits and unknowns
- The bill does not define exactly what 'primarily operating' means for these corporations.
- The official text provided does not specify the amount of tax revenue impact.
Plain language
Terms to know
- Net Corporate Income Tax Exemption
- A rule that allows a corporation to not pay the tax imposed under this chapter.
- Repeal
- The act of officially ending or removing a law at a specific future date.
Official record
Sources
Official summary
TAX EXEMPTION: PORT MACKENZIE CORPS An Act establishing a net corporate income tax exemption for entities in Port MacKenzie; and providing for an effective date.
Official activity
Bill history
- (S) REFERRED TO LABOR & COMMERCE875
- (S) L&C, FIN875
- (S) READ THE FIRST TIME - REFERRALS875