REPEAL PASS-THROUGH ENTITY INCOME TAX

Plain English Breakdown

The source text cites 'AS 43.20.019' but does not provide a definition for pass-through entities or explain how they are currently taxed.

Repeal of Pass-Through Entity Income Tax

This bill repeals a specific section of Alaska law regarding income taxes on pass-through entities effective January 1, 2028.

What This Bill Does

• Repeals AS 43.20.019 starting on January 1, 2028.

Limits and Unknowns

• The official text does not define what a 'pass-through entity' is.
• The effective date of January 1, 2028, means the change will happen in the future.

Official Summary Text

REPEAL PASS-THROUGH ENTITY INCOME TAX
An Act relating to the elimination of income taxes on pass-through entities.

Current Bill Text

HB3002a -1- HB 3002
New Text Underlined [DELETED TEXT BRACKETED]

34-GH3282\A

HOUSE BILL NO. 3002

IN THE LEGISLATURE OF THE STATE OF ALASKA

THIRTY-FOURTH LEGISLATURE - THIRD SPECIAL SESSION

BY THE HOUSE RULES COMMITTEE BY REQUEST OF THE GOVERNOR

Introduced: 6/20/26
Referred: Finance

A BILL

FOR AN ACT ENTITLED

"An Act relating to the elimination of income taxes on pass-through entities." 1
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 2
* Section 1. AS 43.20.019 is repealed January 1, 2028. 3