REPEAL PASS-THROUGH ENTITY INCOME TAX

Plain English Breakdown

The effective date is explicitly stated as January 1, 2028 in Section 1.

Repeal of Pass-Through Entity Income Tax

This bill repeals AS 43.20.019 to eliminate income taxes on pass-through entities starting January 1, 2028.

What This Bill Does

• Removes the law known as AS 43.20.019 from Alaska statutes.
• Eliminates income taxes specifically for pass-through entities.

Who It Names or Affects

• Pass-through entities in Alaska

Limits and Unknowns

• The official text does not define what a 'pass-through entity' is.
• The bill does not state how much money the change will save or cost.

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

SB3002A -1- SB 3002
New Text Underlined [DELETED TEXT BRACKETED]

34-GS3282\A

SENATE BILL NO. 3002

IN THE LEGISLATURE OF THE STATE OF ALASKA

THIRTY-FOURTH LEGISLATURE - THIRD SPECIAL SESSION

BY THE SENATE 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 AS 43.20.019 is repealed January 1, 2028. 3