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AK HB376
Bill
AI Summary
- Establishes a 35 percent tax on permanent fund dividends received by individuals under AS 43.23.
- Tax is calculated before any garnishments, levies, assignments, or other claims or reductions allowed by law.
- Department withholds the tax, which is due on the date the dividend becomes payable to the individual.
- Tax applies to dividends received on or after the bill's effective date.
- Provision is repealed January 1, 2021, making the tax temporary.
Legislative Description
Tax Pfd
Residency
Last Action
REFERRED TO FINANCE
4/4/2016
Committee Referrals
Finance4/4/2016
Full Bill Text
No bill text available