AK SB223

Allows taxpayers a credit against Alaska net income tax for cash contributions to qualifying nonprofit organizations providing emergency homeless shelters or alcohol/drug detoxification facilities.

Credit amount equals the lesser of 50 percent of the contribution or $200,000 per taxpayer.

Requires the Department of Revenue to establish procedures for preliminary determinations of contribution eligibility, with determinations binding unless the department finds material misrepresentation.

Prohibits using the same contribution for multiple tax credits or as a federal charitable deduction, and prevents carryover of unused credits to subsequent tax years.

Requires the commissioner to report annually to the legislature on contribution recipients, total contributions, and credits claimed; provision sunsets January 1, 2018.